- Apr 30, 2022
- 1 min read
The Bombay High Court on Tuesday allowed a plea filed by ICICI Bank and directed its former CEO Chanda Kochhar to approach the appropriate judicial forum of the HC by holding that the nature of the suit filed by her in connection with her entitlements and benefits was not a commercial dispute.
In its plea, ICICI Bank argued that the suit should be treated as civil suit as it was a matter between an employee and an employer.
The HC directed its registry to transfer the said suit from the court’s commercial division which is governed by the Commercial Courts Act, 2015 to its regular civil division which is governed by the Civil Procedure Code (CPC). The high court, which is a charter court, has original jurisdiction (the court can be approached through suits as court of first instance) based on the territory and the value involved. After the 2015 Act was implemented, a commercial division was added at the HC, which governs the suits filed under the said law.
