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High Court of Karnataka Quashes Cognizance Order Against Bank Officials in Cheating Case Due to Lack of Sanction Under Section 197 CrPC. Criminal proceedings against retired bank managers for alleged forgery and cheating quashed as their acts were in discharge of official duties requiring prior sanction.

The judgment pertains to two criminal petitions filed under Section 482 of the Code of Criminal Procedure, 1973 (CrPC) seeking quashing of the order d...

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Supreme Court examines High Court order staying disciplinary proceedings against bank employee pending criminal trial. High Court had directed stay until recording of prosecution evidence, citing prejudice and Clause 4 of Bipartite Settlement.

The appeal before the Supreme Court arose from a High Court decision staying disciplinary proceedings against a bank employee pending the recording of...

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High Court of Karnataka at Bengaluru Examines Challenge to Appointment of Administrator for Cooperative Bank; Petitioners Contend That Appointment by Joint Registrar on State's Instruction Lacked Independent Application and Was Invalid Under Karnataka Co-operative Societies Act, 1959.

The matter arose from two writ petitions consolidated before the High Court of Karnataka at Bengaluru. The petitioners, primary cooperative societies ...

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High Court Directs Bank to Consider OTS Offer Under Maha Rahat Yojana and Maha Samadhan Yojana. Petitioner, owner of mortgaged property, sought direction to Bank to consider his OTS offer; Court held Bank must consider representation and communicate decision within two weeks.

The petitioner, Mr. Balkishan Boob, is the owner of a property mortgaged to the Bank of Maharashtra. The property was borrowed by M/s. Bhagwan Cotton ...

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High Court Dismisses Writ Petition of Bank Officer Challenging Removal from Service for Loan Sanctioning Misconduct. Disciplinary Proceedings Upheld as Fair and Punishment Proportionate to Misconduct Under Bank of Baroda Officer Employees' (Discipline and Appeal) Regulation, 1976.

The petitioner, Narendra Suryabhan Wahane, was appointed as a Clerk-cum-Cashier with Bank of Baroda in 1975 and later promoted to officer and then to ...