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![Supreme Court Quarterly Digest On Banking Law [Jan-March, 2023] - Vimarsana News](https://vimarsana.com/images/vimarsana-bigimage.jpg)
Adverse inference cannot be drawn against a plaintiff merely because he did not produce his bank passbook. Basavaraj v. Padmavathi, 2023 LiveLaw (SC) 17 : AIR 2023 SC 282 : (2023) 4 SCC 239'Any' means...
Says Never Said Banks Could Hold 'Personal Hearing' Before Classifying Borrower's Account As Fraud New Delhi: The Supreme Court on Friday clarified its March 27 verdict, saying it had not directed banks to accord a
The Supreme Court on Friday clarified that its judgment, which mandated that borrowers should be heard by banks before their accounts are classified as fraudulent in terms of the RBI master circulars,...
On March 27, the Supreme Court ruled that the banks should give a personal hearing to borrowers before classifying their account as fraudulent, in accordance with RBI's Master Circular of July 1, 2016, and had noted that the action of classifying an account as fraud not only affects the business and goodwill of the borrower, but also the right to reputation. In a
The State Bank of India has moved the Supreme Court seeking exemption from sharing complete forensic audit reports with borrowers in connection with the March 27, judgment of the apex court.