The Supreme Court of India has delivered a significant ruling, stating that banks are not obligated to provide a personal hearing to borrowers before classifying their loan accounts as 'fraud' under ...

In a crucial ruling for the banking sector, the Supreme Court clarified that banks are not required to provide borrowers a personal or oral hearing before classifying their accounts as fraudulent. On ...

The Supreme Court, on Tuesday, issued a decision regarding the classification of bank accounts as fraud. The apex court ordered that banks are not obligated to grant customers a personal oral hearing ...

A bench of Justices J B Pardiwala and K V Viswanathan felt that affording such an opportunity to recalcitrant borrowers, who hold depositors’ money, would enable them to dissipate assets, destroy ...