Introduction Date of the Judgment: February 28, 2025 Judges: Justices Sudhanshu Dhulia and Prashant Kumar Mishra Citation: 2025 INSC 288 When a business takes a loan for a project, can it be considered a “consumer” if something goes wrong with the bank’s service? The Supreme Court of India recently addressed this important question. This case […]
Supreme Court Sets Aside High Court Order in Property Dispute: Pankaj Kumar Tiwari vs. Indian Overseas Bank (2023) LEGAL ISSUE: Whether a High Court can entertain a writ petition challenging a civil court order when a statutory remedy is available. CASE TYPE: Civil. Case Name: Pankaj Kumar Tiwari vs. Indian Overseas Bank Asset Recovery Management
Supreme Court Upholds Admission of Insolvency Application: M. Suresh Kumar Reddy vs. Canara Bank (2023) Date of the Judgment: May 11, 2023 Citation: 2023 INSC 521 Judges: Abhay S. Oka, J., Rajesh Bindal, J. Can a corporate debtor avoid insolvency proceedings by claiming the creditor should have extended bank guarantees? The Supreme Court of India
City Union Bank Not Liable for Miscredited Drafts: Supreme Court Rules in Consumer Case Date of the Judgment: 27 March 2023 Citation: 2023 INSC 300 Judges: Justice Ajay Rastogi and Justice Bela M. Trivedi Can a bank be held liable for deficiency in service when a demand draft is credited to an account with a
Supreme Court overturns Consumer Commission order in bank service deficiency case: City Union Bank vs. R. Chandramohan (2023) Date of the Judgment: 27 March 2023 Citation: [Not provided in the source] Judges: Hon’ble Justices Ajay Rastogi and Bela M. Trivedi Can a bank be held liable for deficiency in service when a co-director of a
Supreme Court Transfers Petitions Challenging Banking Regulation Act to Madras High Court LEGAL ISSUE: Transfer of writ petitions challenging the validity of the Banking Regulation (Amendment) Act 2020 and related circulars. CASE TYPE: Constitutional Law, Banking Law Case Name: Reserve Bank of India vs. Big Kancheepuram Cooperative Town Bank Ltd & Anr etc. Judgment Date:
Supreme Court clarifies limitation for counterclaims in banking disputes: Topline Shoes vs. Punjab National Bank (2022) LEGAL ISSUE: Determining the applicable limitation period for a counterclaim against a bank regarding funds withheld from a current account. CASE TYPE: Banking/Debt Recovery Case Name: Topline Shoes Limited & Another vs. Punjab National Bank Judgment Date: July 20,
Supreme Court Allows Withdrawal of SLP Challenging RBI Circulars: Jayaswal Neco Industries Ltd. vs. Reserve Bank of India (2022) LEGAL ISSUE: Whether a petitioner can withdraw a Special Leave Petition (SLP) challenging Reserve Bank of India (RBI) circulars after entering into private arrangements with lenders during a status-quo order. CASE TYPE: Banking Law, Insolvency Law
UCO Bank Employee Misconduct: Supreme Court Upholds Disciplinary Action Date of the Judgment: February 18, 2022 Citation: 2022 INSC 138 Judges: Justice Ajay Rastogi and Justice Abhay S. Oka Can a bank employee be held responsible for a theft at the branch if they were negligent in their duties? The Supreme Court of India recently
Supreme Court Upholds Bank’s Dismissal of Employee for Fraud and Forgery: Indian Overseas Bank vs. Om Prakash Lal Srivastava (2022) Date of the Judgment: January 19, 2022 Citation: (2022) INSC 49 Judges: Sanjay Kishan Kaul, J. and M.M. Sundresh, J. Can a bank employee be dismissed for forging signatures and misappropriating funds, even if a
Supreme Court Clarifies One Time Settlement (OTS) Eligibility for Loan Defaulters: Bijnor Urban Cooperative Bank vs. Meenal Agarwal (2021) LEGAL ISSUE: Whether a borrower can claim One Time Settlement (OTS) as a matter of right and whether High Courts can issue a writ of mandamus to direct banks to grant OTS benefits. CASE TYPE: Banking
Supreme Court Upholds RBI’s Restrictions on Merchanting Trade of Banned Goods: Akshay N Patel vs. Reserve Bank of India (2021) LEGAL ISSUE: Whether the Reserve Bank of India (RBI) can restrict merchanting trade transactions (MTT) for goods whose import or export is banned under India’s Foreign Trade Policy (FTP). CASE TYPE: Constitutional Law, Regulatory Law,
