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Supreme Court Allows Banks' Appeals in RBI Fraud Classification Case Regarding Natural Justice Requirements. Court Holds No Absolute Right to Personal Hearing or Full Forensic Audit Report Disclosure Under RBI Master Directions Issued Under Section 35A Banking Regulation Act, 1949.

The dispute arose from the classification of loan accounts as 'fraud' by banks under the Reserve Bank of India's Master Directions. The appellant bank...

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High Court of Karnataka Dismisses Third Successive Bail Petition in PMLA Case — No Change in Circumstances Found. Petitioner, President of a Cooperative Bank, Alleged to Have Induced Deposits and Laundered Proceeds of Crime Under PMLA, 2002.

The petitioner, Mr. K. Ramakrishna, filed a third successive bail petition under Section 439 of CrPC (read with Section 483 BNNS) in connection with S...

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High Court of Karnataka Dismisses Successive Bail Petition in PMLA Case Due to Lack of Change in Circumstances. Third bail petition rejected as petitioner failed to demonstrate any material change in circumstances after earlier dismissals by High Court and Supreme Court.

The petitioner, Mr. K. Ramakrishna, filed a successive bail petition under Section 439 of the Code of Criminal Procedure, 1973 (CrPC) (filed under Sec...

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High Court of Karnataka Dismisses Second Appeal in Declaration and Injunction Suit — Concurrent Findings of Courts Below Upheld. Plaintiff Failed to Prove Title Over Suit Schedule Property Through Maternal Grandfather.

The appellant, Gangappa, filed a Regular Second Appeal under Section 100 of the Code of Civil Procedure, 1908, challenging the concurrent judgments of...

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Bombay High Court Acquits Bank Accountant in Corruption and Forgery Case Due to Lack of Evidence. Conviction under Prevention of Corruption Act, 1947 and IPC Sections 420, 467, 468, 471 Set Aside as Prosecution Failed to Prove Misappropriation Beyond Reasonable Doubt.

The appellant, Ramakant Devidas Solkke, was an accountant at the State Bank of India, Main Branch, Akola. On 30 April 1986, Bharat Petroleum Corporati...