Hindustan Times28d
'Don't just cut, copy & paste, apply mind': HC to banks on Anil Ambani's plea against declaring account ‘fraud’
The Bombay High Court directed Anil Ambani to approach the RBI over his plea against an order declaring his account ‘fraud’. The Bombay high court reprimanded banks and said they cannot simply ...
Live Law28d
Bombay High Court Flags 'Cut Copy Paste' Orders Being Passed By Banks To Declare Fraud Accounts; Asks Anil Ambani To Approach RBI
Cut copy paste the findings of the auditor...The committee (of the bank) also needs to apply it's mind...These orders (of declaring defaulters) do not show application of mind independently ...