Category: Bank
Bank can’t freeze account of company because director of company was facing a matrimonial dispute with his wife – High Court In a recent judgment, the Hon’ble Allahabad High Court has directed bank to allow the petitioner company to operate its current account which was freezed by it because …
Comparison Chart for Bank Fixed Deposit Interest rates of Public Sector and Private Sector Banks A comparison Chart for Bank Fixed Deposit Interest rates of Public Sector and Private Sector Banks would help investors to quickly make a choice of bank for best interest rate on their Fixed …
Banks to offer opportunity of hearing to borrowers before classifying their account as fraud – Supreme Court ABCAUS Neutral Case Law Citation:ABCAUS 3693 (2023) (03) SC In the instant case, RBI and various banks had challenged the order passed by the High Court holding that the principles of …
Anticipatory bail granted to accused of using forged Income Tax Return (ITR) for taking bank loan ABCAUS Case Law Citation ABCAUS 3639 (2023) (01) HC In the instant case, the accused applicant had moved application before the High Court for anticipatory bail. Allegation against the accused-applicant was that …
Supreme Court fixes banks liability on locker operation. Banks cannot wash off hands and claim no liability towards their customers–Supreme Court ABCAUS Case Law CitationABCAUS 3456 (2021) (02) SC Important case law relied referred:UCO Bank v. RG Srivastava 1996 (1) CPR 97Charan Singh v. Healing Touch Hospital & …
Statutory Auditors made it convenient for company to defraud it, alleges bank. Forensic audit revealed modus operandi used to manipulate the accounts Central Bureau of Investigation (CBI) has registered a case against a Delhi based company and its promoters/ directors for alleged defrauding a bank by misappropriating working capital …
Constitutional validity of Section 21A of the Banking Regulation Act upheld by Supreme Court. PIL challenged it on the ground large suicide by farmers ABCAUS Case Law Citation: ABCAUS 2204 (2018) (02) SC A Public Interest Litigation (PIL) was filed in the Hon’ble Supreme Court challenging the constitutional …
Cash transaction charge Rs 150 per transaction by banks plus taxes & cess after 4 free cash transactions per month. Notice from HDFC Bank REVISION OF FEES AND CHARGES – SAVINGS & SALARY ACCOUNTS (EFFECTIVE 01st March 2017) Effective 01st March 2017, cash transaction charges for Savings and …
