Bombay High Court Deems Arrest of Former ICICI Bank CEO Chanda Kochhar and Husband “Abuse of Power”

The Bombay High Court declared the arrest of former ICICI Bank MD Chanda Kochhar and her husband by the CBI in a loan fraud case as an “abuse of power.” Emphasizing lack of justification and citing the right to silence, the court highlighted the procedural lapses and the accused’s cooperation with the investigation. The arrest was deemed illegal.