No personal oral hearing needed before labelling bank accounts as fraud: SC

The Supreme Court ruled that banks are not required to provide personal oral hearings before classifying accounts as fraudulent. However, banks must furnish customers with a forensic audit report prior to such classification. This decision acknowledges the infeasibility of individual hearings given the significant rise in bank fraud cases.

from Times of India https://ift.tt/Ibuj8hK
via IFTTT

Post a Comment

Copyright © Public Information Portal . Designed by OddThemes