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consumer forum: Bank liable for wrong done by its employees: SC orders bank to compensate man

Supreme Court holds District Cooperative Bank liable for employee actions, orders compensation of Rs 25,000 to a man after three decades. Bank failed to release fixed deposit receipts worth Rs 1,60,000 in Varanasi. Petitioner awarded refund with interest and damages by district consumer forum in 1997. Apex court overturns NCDRCs ruling, emphasizing banks vicarious liability for employee conduct.
Uttar Pradesh Aravind Kumar Supreme Court District Cooperative Bank National Consumer Disputes Redressal Commission Justicesps Narasimha

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