SBI Archives

Cheque gets deposited to the account of account holder with strikingly similar name. Bank blames customer. Read why SC was “surprised” at NCDRC’s ruling

Supreme Court: In an interesting case where one SBI account holder was left with a balance of Rs. 59/- only in his

National Consumer Disputes Redressal Commission

Case Briefs Tribunals/Commissions/Regulatory Bodies

NCDRC | Consumer Protection Act, 2019 provides for hierarchy of Consumer Fora to deal with consumer complaints, depending upon pecuniary value of complaint; Complaint filed to demand disproportionate compensation only to inflate value of complaint — Dismissed

National Consumer Disputes Redressal Commission (NCDRC): C. Viswanath (Presiding Member) while addressing the complaint reiterated the settled position of law, expressed that,

Case Briefs Tribunals/Commissions/Regulatory Bodies

CIC | Would disclosure of names of donors and donees of ‘Electoral Bonds’ from books of accounts amount to contravention of RTI Act provisions? Commission answers

Central Information Commission (CIC): Suresh Chandra (Information Commissioner) observed that disclosure of the names of the donors and donees of electoral bonds

Case Briefs Tribunals/Commissions/Regulatory Bodies

[SC ALERT] NCLAT’s decoder on appointment of a person as Resolution Professional: Will an ex-employee of Financial Creditor be eligible for appointment? Read on

SUPREME COURT ALERT This NCLAT Order has been set aside by the Supreme Court, the detailed report of which can be found

Case Briefs High Courts

Bom HC | Pension payable to employees upon superannuation is a ‘property’ under Art. 300-A & fundamental right to livelihood under Art. 21: Pension can’t be deducted without authority of law

Bombay High Court: A Division Bench of R.K. Deshpande and N.B. Suryawanshi, JJ., while addressing an issue with regard to the deduction of

Case Briefs Tribunals/Commissions/Regulatory Bodies

NCLAT | Tribunal rejects SBI’s appeal regarding its appointment of an ex-employee as ‘Interim Resolution Professional,’ cites conflict of interest

National Company Appellate Tribunal (NCLAT): Justice Bansi Lal Bhat (Judicial), V.P. Singh (Technical) and Shreesha Merla (Technical) held that an ex-employee of

Case Briefs High Courts

Del HC | “How are depositors of Yes Bank differently circumstanced from depositors of PMC Bank”: RBI and Centre to file affidavits in plea seeking to secure PMC Bank depositors’ interest

Delhi High Court: Rajiv Shakdher, J., directed the Union of India and RBI to submit affidavits stating what propelled RBI to take action in

Case Briefs Supreme Court

You Can’t invalidate otherwise valid decision by virtue of exclusive superior power to amend: SC to SBI on unfair amendments in it’s VRS Scheme

Supreme Court: In a case where the 3-judge bench of Arun Mishra, BR Gavai and MR Shah, JJ was hearing a reference

Case Briefs High Courts

Where decision of Board of Directors is to be taken, except otherwise provided, a majority decision would be considered the ultimate decision of Board of Directors

Kerala High Court: In the instant case where question was raised upon the legality of the acquisition of State Bank of Travancore

Case Briefs Supreme Court

SBI, being an agent of RBI, is not liable to purchase tax for replenishment licences or Exim scrips taken as a participant in the process of cancellation

Supreme Court: Deciding the question as to whether the State Bank of India (SBI) and its branches, which are registered dealers under