Securities Appellate Tribunal

Chanda Kochhar vs SEBI on 2 September 2026

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BEFORE THE SECURITIES APPELLATE TRIBUNAL

MUMBAI

Date : 02.09.2026

Review Application No. 021 of 2025

In

Appeal No. 147 of 2025

In the matter of :

ICICI Bank Limited

…Applicant

Versus

1. Securities and Exchange Board of India …Respondent No. 1

(Orig. Respondent No.1)

2. Ms. Chanda Kochhar

…Respondent No. 2

(Orig. Appellant)

Mr. Darius Khambata, Senior Advocate with Ms. Shruti Rajan, Vivek Shah, Ms. Praneeta Ragji and Mr. Paras Taneja, Advocates i/b Trilegal for the Applicant (ICICI Bank Ltd.).

Mr. Sumit Rai, Advocate with Mr. Ravishekhar Pandey and Mr. Ankit Ujjwal, Advocates i/b Agama Law Associates for Respondent No. 1 - SEBI.

Mr. Pesi Modi, Senior Advocate with Mr. Kyrus Modi, Mr. Vishesh Malviya, Ms. Taniya D’Souza and Mr. Parth Khubalkar, Advocates i/b Rashmikant and Partners for Respondent No.2 (Ms. Chanda Kochhar).

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ORDER:

Heard. Order reserved.

Justice P.S. Dinesh Kumar

Presiding Officer

Ms. Meera Swarup Technical Member

Dr. Dheeraj Bhatnagar Technical Member 02.09.2026 msb MADHUKAR BHALBAR Digitally signed by MADHUKAR BHALBAR Date: 2026.09.03 12:30:55 +05'30'

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