ICICI-Videocon loan case: Kochhar contests bonus clawback, ESOP termination

Kochhar shot out a legal letter objecting to ICICI Bank's termination for cause

ICICI Bank former managing director (MD) and chief executive officer (CEO) Chanda Kochhar has sent a legal letter to the private lender, objecting to the way her resignation was treated as termination, refusing to give back the money she got as bonuses and stock options between April 2009 and March 2018, as directed by the bank, said two people privy to the development. 

On January 30, the board of ICICI Bank announced it would claw back all the perks given to her, following a report by a probe panel headed by former Supreme Court judge B N Srikrishna that indicted