Search Results for "fictitious 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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Supreme Court Reinstates Dismissal of Bank Employee in Industrial Disputes Case Due to Fraudulent Misappropriation. Tribunal's Interference Under Section 11A of Industrial Disputes Act, 1947 Held Unjustified as Punishment Was Not Shockingly Disproportionate Given Serious Nature of Fraud.

The dispute arose from the dismissal of a bank employee for fraudulent misappropriation of funds. The respondent employee, a Clerk-cum-Typist, was sus...

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Supreme Court Dismisses Appeals of Bank Employees Convicted for Fictitious Account Fraud. Handwriting Evidence and Conspiracy Proven Despite Flawed Investigation.

The Supreme Court dismissed the appeals of Ram Gopal and Pankaj Kumar Jain, who were convicted for their involvement in a fictitious bank account frau...

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Supreme Court Allows Appeal Against Debarment Without Hearing in Pharmaceutical Supply Contract. State's Indefinite Stoppage of Local Purchase from Supplier Based on Criminal Case Against Former Director Held Arbitrary for Violating Principles of Natural Justice.

The appellant, M/s Daffodills Pharmaceuticals Ltd., a pharmaceutical supplier, participated in a tender process called by the State of Uttar Pradesh f...