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The court said that arrest of the Kochhars violated Section 41A of the Code of Criminal Procedure (CrPC).

Interim relief for Chanda Kochhar, husband: Bombay HC grants bail, says CBI arrest not as per law

ICICI Bank ex-CEO to be released from custody Chanda Kochhar, husband's release ordered Bombay HC said CBI arrest not as per law: reports
&nbsp;

Interim relief for Chanda Kochhar, husband: Bombay HC orders release, says CBI arrest not as per law

The court said that arrest of the Kochhars violated Section 41A of the Code of Criminal Procedure (CrPC).

Former CEO of ICICI Bank Chanda Kochhar and her husband Deepak Kochhar secured interim relief after the Bombay High Court granted them bail on 9 January 2023.
The court said that arrest of the Kochhars by the Central Bureau of Investigation (CBI) was not as per law, since it violated Section 41A of the Code of Criminal Procedure (CrPC). The section mandates sending notice for appearance before the police officer concerned.
The bench directed the duo to deposit a cash bail amount of Rs one lakh each. The couple's lawyer later said they would now initiate the process before the special CBI court for their release.
The HC said the duo shall cooperate with the probe and attend the CBI office as and when summoned. The court also asked the Kochhars to surrender their passports to the CBI.
The Kochhars were arrested on 23 December 2022 in the ICICI Bank-Videocon loan case. They are presently in judicial custody.
Apart from the Kochhars, the CBI has also arrested Videocon group founder Venugopal Dhoot in the case. He is also in judicial custody.
(With PTI inputs)
Also Watch: <a href="https://www.editorji.com/india-news/local/joshimath-sinking-uttarakhand-cm-pushkar-dhami-on-evacuation-efforts-1673248823995">Joshimath 'sinking': Uttarakhand CM Pushkar Dhami on evacuation efforts</a>

After denying their urgent hearing request, the court asked the duo to approach the judiciary for a regular hearing on January 2. 

ICICI Bank loan case: Bombay High Court rejects Kochhars' urgent hearing request

Setback for Chanda Kochhar, husband as Bombay HC rejects urgent hearing plea on CBI arrest

After denying their urgent hearing request, the court asked the duo to approach the judiciary for a regular hearing on January 2.&nbsp;

Former ICICI Bank CEO Chanda Kochhar and her husband Deepak Kochhar were denied an urgent hearing request by the Bombay High Court on Tuesday.
Kochhar and her husband were arrested by the Central Bureau of Investigation (CBI) on December 23 in an alleged loan irregularities case. The case pertains to an over ₹ 3,000 crore loan provided by ICICI Bank to the Videocon Group when the bank was headed by Kochhar. After denying their urgent hearing request, the court asked the duo to approach the judiciary for a regular hearing on January 2.&nbsp;
The Kochhars had challenged their three-day CBI custody in the Bombay High Court, while also arguing that their arrest is illegal under the Prevention of Corruption Act, saying it is mandatory to receive a sanction of Section 17A of the Act to intiate a probe, which the CBI had not gotten to begin the investigation.&nbsp;
Chanda and Deepak Kochhar are currently being interrogated by the CBI after a Mumbai court remanded them to the probe agency's custody on Saturday.&nbsp;
Also Watch| <a href="Videocon%20loan%20case:%20Mumbai%20court%20remands%20Chanda%20Kochhar,%20husband%20in%20CBI%20custody%20till%20December%2026">Videocon loan case: Mumbai court remands Chanda Kochhar, husband in CBI custody till December 26&nbsp;</a>
On Monday, Venugopal Dhoot, chairman of the Videocon Group was also arrested by the CBI in the same case.&nbsp;
The CBI in 2019 named the Kochhars and Dhoot, along with companies Nupower Renewables (NRL) managed by Deepak Kochhar, Supreme Energy Private Ltd (SEPL), Videocon International Electronics Ltd (VIEL) and Videocon Industries, as accused in the FIR registered under IPC sections related to criminal conspiracy and provisions of the Prevention of Corruption Act.
The probe agency has alleged a sanctioning committee headed by Chanda Kochhar, in 2009, sanctioned a term loan of Rs 300 crore to VIEL in contravention of the rules and policies of the bank by abusing her official position as a public servant.
According to an NDTV report, the ICICI Bank loan was part of ₹40,000 crore loan which Videocon received from a group of 20 banks led by the State Bank of India.&nbsp;
(with PTI inputs)

Kochhar was accused of misusing her position in the ICICI Bank in granting loans to Videocon group promoter Venugopal Dhoot in 2009 and 2011

Videocon loan case: Mumbai court remands Chanda Kochhar, husband in CBI custody till December 26 

Kochhar was accused of misusing her position in the ICICI Bank in granting loans to Videocon group promoter Venugopal Dhoot in 2009 and 2011

A special CBI court on Saturday remanded former ICICI Bank CEO and MD Chanda Kochhar and her husband Deepak Kochhar to the CBI custody till Monday.
They were arrested on Friday in a case linked to alleged irregularities in an over Rs 3,000-crore loan provided to the Videocon Group when she was heading the private sector bank.
Kochchar had to resign from ICICI Bank in 2018 because of this multi-crore scam.&nbsp; Also Watch| <a href="https://www.editorji.com/india-news/local/videocon-loan-case-icici-bank-ceo-md-chanda-kochhar-husband-deepak-kochhar-arrested-1671852298885">Videocon loan case: ICICI Bank CEO-MD Chanda Kochhar, husband Deepak Kochhar arrested</a>

Videocon loan case: ICICI Bank CEO-MD Chanda Kochhar, husband Deepak Kochhar arrested

The CBI has alleged that they were evasive in their responses and did not cooperate in the investigation.

The CBI on Friday arrested former ICICI Bank CEO and MD Chanda Kochhar and her husband Deepak Kochhar in connection with alleged cheating and irregularities in loans sanctioned by the bank to Videocon Group companies, officials said.
They said the Kochhars were called to the agency headquarters and arrested after a brief questioning session.
The CBI has alleged that they were evasive in their responses and did not cooperate in the investigation.
The Kochhars will be produced before a special CBI court on Saturday.
They are likely to be kept in separate lockups on the ground floor of the 11-storeyed agency headquarters after their medical examination.
Sources said that agency is likely to move at a swift pace to file the first charge sheet in the case in which the Kochhars could be named along with Venugopal Dhoot of Videocon Group.
Also read|<a href="https://www.editorji.com/india-news/politics/bjp-attacks-aap-over-advertisement-scam-demands-cbi-inquiry-1671550448669">BJP attacks AAP over 'advertisement scam', demands CBI inquiry</a>
The CBI had named the Kochhars and Dhoot, along with companies Nupower Renewables (NRL) managed by Deepak Kochhar, 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 in 2019, they said.
The CBI had alleged that ICICI bank had sanctioned credit facilities to the tune of Rs 3,250 crore to the companies of Videocon Group promoted by Dhoot in violation of the Banking Regulation Act, RBI guidelines, and credit policy of the bank.

Anil Agarwal’s Vedanta Group will now be  the owners to Venugopal Dhoot's empire of Videocon companies. National Company Law Tribunal approved Anil Agarwal-backed Twin Star Technologies’ bid to acquire Videocon Industries Ltd for ₹2,900 crore. This is against Videocon’s overall debt of around ₹ 46,000 crore meaning banks led by SBI & IDBI will have to take a hit of over ₹42,000 crore. Videocon, which is in multiple businesses ranging from oils to consumer durables, was controlled by the Dhoot family before lenders dragged it to the NCLT in 2017. The NCLT rejected offer by Dhoot to take back the company paving the way for Agarwal's takeover. 

Dhoot's envy Vedanta's pride, Videocon gets a new owner

Dhoot's envy Vedanta's pride, Videocon gets a new owner. Banks to take a hit of over Rs 40,000 cr.

Dhoot's envy Vedanta's pride, Videocon gets a new owner

<a href="https://www.editorji.com/partner/all-india-management-association/the-unstoppable-leading-vedanta-s-relentless-growth-1649870069645" target="_blank">Anil Agarwal&rsquo;s Vedanta Group</a> will now be&nbsp; the owners to Venugopal&nbsp;Dhoot's empire of Videocon&nbsp;companies.&nbsp; National Company Law Tribunal approved&nbsp;Anil Agarwal-backed Twin Star Technologies&rsquo; bid to acquire Videocon Industries Ltd for ₹2,900 crore. This is against&nbsp;Videocon&rsquo;s overall debt of around ₹ 46,000 crore&nbsp;meaning banks&nbsp;led by&nbsp;SBI&nbsp;&amp; IDBI will have to take a hit of over ₹42,000&nbsp;crore.&nbsp; Videocon, which is in multiple businesses ranging from oils to consumer durables, was controlled by the Dhoot family before lenders dragged it to the NCLT in 2017. The NCLT&nbsp;rejected offer by Dhoot&nbsp;to take back the company paving the way for Agarwal's&nbsp;takeover.&nbsp;

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