Search Results for "Red Flagged Account"

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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 Bombay at Goa Dismisses Writ Petition Challenging Resort Construction in CRZ Area. Petitioner failed to prove violation of CRZ Notification, 2011; court upholds administrative approvals.

The petitioner, Mohinder Kaur Paintal, filed a writ petition before the High Court of Bombay at Goa challenging the construction of a resort by Respon...

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Supreme Court Directs Comprehensive Measures to Tackle Uninsured Vehicles and Standardise Motor Insurance Policy Terms in Public Interest. Court Calls for Technology-Enabled Enforcement of Section 146 Motor Vehicles Act, 1988 and Mandates Consumer Awareness Initiatives

The Supreme Court addressed two substantial issues arising in a civil appeal filed by an insurance company: the widespread non-compliance with Section...