Supreme Court Allows Appeal in Bank Deficiency Case — Compensation Enhanced from Rs 1 Lakh to Rs 30 Lakh for Unauthorized Online Transfer. Bank's Gross Negligence in Linking School Accounts Without Request Leads to Full Liability Despite Alleged Principal Complicity....
The case involves a complaint by DAV Public School against Indian Bank for deficiency in service. The school maintained three accounts with the bank, which were not enabled for net banking. However, t...




