The Supreme Court (SC) on Tuesday asked what prejudice would be caused to banks if they provide an opportunity of hearing to borrowers before classifying their accounts as fraudulent. A bench of ...

The Bombay High Court has upheld a decision by the State Bank of India (SBI) to classify accounts of industrialist Anil Ambani and his company, Reliance Communications (RCom), as "fraudulent" noting ...

The legal bench comprising Justice Revati Mohite Dere and Justice Neela Gokhale disposed of Anil Ambani's petition challenging the bank's order, after the disclosure was filed in the Bombay High Court ...

(MENAFN- IANS) New Delhi, March 11 (IANS) The Delhi High Court has observed that it is incumbent on the part of a bank to supply the Forensic Audit Report (FAR) before classifying accounts as“fraud”.

On 10th July, Canara Bank informed the Bombay High Court that it had withdrawn its classification of a loan account linked to industrialist Anil Ambani as “fraudulent.” Following this disclosure, a ...