Friday, May 12, 2023

Fraudulent A/cs: Supreme Court rejects SBI plea on ruling applicability

The State Bank of India had asked the court to clarify that the ruling would only apply prospectively and not affect past decisions. However, the court refused and clarified that a personal hearing meant a defaulter should be given adequate notice and an opportunity to make a representation.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/fraudulent-a/cs-supreme-court-rejects-sbi-plea-on-ruling-applicability/articleshow/100194692.cms

No comments:

Post a Comment