Bharat Express

Chanda Kochhar

SC will hear plea from the CBI challenging the Bombay High Court's decision to grant bail to former ICICI Bank chief Chanda Kochhar.

The High court orders release of Chanda Kochhar and her husband during a plea challenging the arrest, claiming it illegal. "Arrest is not as per the law," observes the court.. .

CBI had booked Chanda Kochhar, her husband and Venugopal Dhoot of Videocon Group, along with companies Nupower Renewables, Supreme Energy, Videocon International Electronics Ltd and Videocon Industries Limited, as accused in the FIR registered under IPC sections related to criminal conspiracy and provisions of the Prevention of Corruption Act.

Videocon loan case: It is alleged that Chanda Kochhar had given loan to Videocon Group and in lieu of this her husband Deepak Kochhar's company Nu Renewable got investment from Videocon..