High Court to Govt: Why did you transfer Accounts of Police Officials from State Bank of India to Pvt. Bank

State Bank of India On Thursday, the Nagpur bench of Bombay High Court asked the State Govt. to study the case papers in a petition challenging the alleged transfer of Police staff & beneficiaries accounts from nationalised banks to Axis Bank. A Division bench of Justices PN Deshmukh & Pushpa Ganediwala gave two weeks time to […]

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No relief to ex-Bank official in Rs 5Kcr fraud case; court denies bail

A Delhi court on Thursday denied extending relief to an ex-Andhra Bank official in a money laundering case citing he may hamper the investigation if enlarged on bail. The Rs 5,000 crore fraud also involves a Gujarat-based pharma firm. Additional Sessions Judge Sidharth Sharma denied relief to accused Anup Prakash Garg, noting that the stage […]

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Online fraud transactions in Bank of Baroda Customer’s account

Recently on 12th March 2016, Mr.Chandra Bhushan, who is associated with Legal India & Pravakta.com as an IT Consultant faced online fraud transaction in his Bank of Baroda’s bank account. In the noon of 12th march at 12:03PM, Mr. Bhushan got three SMS of debit of Rs.5078.97 from his bank account. He was shocked to see the […]

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Coalscam:Court frames charges against ex-coal secy, 5 others

A special court today framed charges against former coal secretary H C Gupta and five others in a coal scam case pertaining to alleged irregularities in allocation of a coal block in Madhya Pradesh to an accused firm. Special CBI Judge Bharat Parashar put the six on trial for alleged offences under section 120-B (criminal […]

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Corp Bank to pay Rs 37K for deficiency in service

Corporation Bank has been asked by a consumer forum here to pay over Rs 37,000 to one of its customers after holding it guilty of “deficiency in service” for wrongly taking money from him. New Delhi Consumer Disputes Redressal Forum bench presided by C K Chaturvedi asked the bank to pay Rs 37,863, including compensation […]

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BCCI-Nimbus row: SC asks banks to deposit Rs 400 cr

The Supreme Court today asked three nationalised banks to deposit Rs 400 crore towards securing the claim of BCCI in a dispute over termination of the Rs 1,600-crore contract between the cricket board and Nimbus Communications, pending the hearing of their dispute. A bench of Justices Aftab Alam and Ranjana Desai asked Punjab National Bank, […]

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Court rejects bank’s plea for FIR against customers

Delhi court dismissed a plea lodge as a criminal case by a Punjab National Bank against its two customers for allegedly taking out money from a third customer’s account through an ATM card, wrongly issued to them. District Judge and Additional Sessions Judge R K Gauba dismissed the PNB plea, made against Metropolitan Magistrate Ankit […]

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Supreme Court suggests fine in cheque bounce cases

The Supreme Court has suggested that the Negotiable Instruments Act, 1881, could be amended so that a convict in a cheque bounce case is made to pay a fine from which the complainant can be paid a compensation.  “One other solution is a further amendment to the act so that in all cases where there […]

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Cabinet discusses black money issue after apex court rap

Prime Minister Manmohan Singh raised the issue of black money during a cabinet meeting here Thursday, a day after the Supreme Court queried why the government cannot name those involved in this $1.5-trillion “national plunder”. The discussion came against the backdrop of the apex court coming down heavily on the government’s reluctance to provide full […]

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Banks asked to deposit Emaar MGF’s guarantee money with court

The Delhi High Court Monday asked two state-run banks to deposit the Rs.93 crore bank guarantee of real estate giant Emaar MGF for constructing the Commonwealth Games (CWG) village with its registrar general till the disposal of a case relating to incomplete work at the site.  A division bench of Justice Vikramajit Sen and Justice […]

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