Court order on bail to Kochhar: Need to ship her to jail doesn’t come up
2 min read A SPECIAL courtroom, which granted bail to former ICICI Bank MD and CEO Chanda Kochhar on Friday, stated the necessity to ship a lady, who has been conferred with Padma Bhushan and is a everlasting resident of town, to jail doesn’t come up.
Kochhar has been named an accused within the prosecution criticism filed by the Enforcement Directorate (ED) within the alleged ICICI Bank-Videocon mortgage case. She had not been arrested by the ED in the course of the probe. As per process, she was summoned by the courtroom after the company filed the prosecution criticism (chargesheet) in opposition to her. Kochhar then appeared earlier than the courtroom and filed a proper plea for bail by means of her lawyer Vijay Aggarwal.
The ED opposed the plea however left it to the order of the courtroom. Aggarwal in his plea had stated maintaining her in custody shouldn’t be required since she is a everlasting resident of town, is a decent citizen awarded with Padma Bhushan and able to abide by all circumstances.
“As per directions of apex court applicant was protected (from arrest) Therefore, question of again sending the applicant/accused in jail, who is a lady and was conferred India’s third civilian honours — Padma Bhushan, being a permanent resident of Mumbai residing with her family members and deep root in the society, will not arise. The question of absconding can be taken care of by directing the applicant/accused to surrender passport with respondent/Enforcement Directorate and not to leave India without prior permission of this court will suffice the ends of justice,” the courtroom’s detailed order made accessible on Saturday stated.
Kochhar’s husband, Deepak, was arrested in September and stays in jail.
