HC dismisses petitions against ICICI Bank directors

Mumbai, Oct 5 (UNI) The Bombay High Court today dismissed a petition seeking to arraign ICICI Bank Managing Director K V Kamath and some of his colleagues on the Bank's board for 'aiding and abetting' suicide of a alleged loan defaulter in the city.

A division bench comprising Justices R M S Khandeparkar and V K Tahilramani dismissed the petition filed by Ganesh Devmane, saying that there was no material against the directors of the Bank as of now.

The court also observed that the concerned FIR registered with the MIDC police station in the suicide case of Prakash Sarvankar did not mention anything that could indicate that the Directors aided and abetted the suicide.

Devmane had moved the court saying that, he himself had been a victim of harassing tactics of ICICI bank's loan recovery agents and such tactics adopted by some private sector banks was nothing short of ''internal terrorism'' and such harassment has become rampant.

He had sought to implicate Kamath and his colleagues on the board-- Chanda Kochar, Nachiket Mor, V Vaidyanathan and Madhati Puri.

UNI