Chanda Kochhar issue | SAT asks SEBI‘s Adjudicating Officer not to proceed till September 15
The Hindu
The matter pertains to a show-cause notice issued by the regulator to Kochhar on the basis of an analysis of a report by retired Justice B. N. Srikrishna.
The Securities Appellate Tribunal (SAT) has restrained SEBI’s Adjudicating Officer from proceeding till September 15 in a matter related to former ICICI Bank chief Chanda Kochhar. The matter pertains to a show-cause notice issued by the regulator to Kochhar on the basis of an analysis of a report by retired Justice B. N. Srikrishna. The Srikrishna committee, which was tasked to probe the allegations of quidproquo transactions in ICICI Bank, submitted its report to the lender in January 2019. The Committee, in its report, observed that Kochhar violated bank policies and other rules and regulations.
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