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“It has been reflected that the Disciplinary Authority as well as the Appellate Authority have recorded concurrent findings and found the allegations of misbehaviour with customers and staff and sexual harassment of women employees and valued customers proved against the appellant.”
‘The Banking Ombudsman overlooked the key aspects of the matter and completely misdirected itself in law.’
“Once the loan was resolved, there was no legal reason for the Bank to withhold the return of the title deed, regardless of the pending litigation. Therefore, the refusal to return the document is unjustifiable.”
“Where the disciplinary proceeding itself is without jurisdiction, upholding the same on the specious plea that it was not challenged on the ground of lack of jurisdiction would be tantamount to giving imprimatur to a patently illegal proceeding”
The Delhi High Court emphasised that if the relevant documents are not provided to a party, the whole procedure of issuance of Show Cause Notice would be reduced to an empty formality.
On 12-03-2024, SBI has furnished the electoral bonds details to the Election Commission of India in compliance with the court’s order. Subsequently, on 14-03-2024 ECI uploaded the electoral bonds data supplied by SBI on its official website.
Supreme Court has directed Election Commission of India to compile the information and publish the details in its official website no later by 15-03-2024 by 5 PM.
Madhya Pradesh High Court noted that the petitioner did not dispute her liability to refund the commuted portion in instalments, as per her undertaking.
Kerala High Court favoured the student petitioner and said that “Banks may be hyper technical, but a court of law cannot ignore the ground realities.”
Allahabad High Court said that the Tribunal has not considered the effect of acquittal of the petitioner from the identical criminal charges. The judgment is completely silent about the same. This is an apparent perversity on the part of the Tribunal.
Shardul Amarchand Mangaldas & Co. advised State Bank of India in granting financial assistance by way of a rupee term loan facility
Kerala High Court held that once loan is repaid, the bank is not entitled to withhold the title deed merely on the grounds that the petitioner has transferred the property during the subsistence of mortgage.
Supreme Court upheld the NCLT order that the provident fund, pension fund and gratuity fund are not part of the liquidation estate, for distribution under Section 53 of the IBC and the same has to be paid to the employees under the stated heads.
DEAL DETAILS State Bank of India | Series I1 round of investment in Lenskart Solutions Private Limited NO HEADINGS DETAILS 1.
by Harsh Jain† and Govind Sharma††
DEAL DETAILS State Bank of India | Religare Finvest – Pre-insolvency resolution and related issues NO HEADINGS DETAILS 1. Name of
Telangana High Court: While exercising its powers under Article 226 in case relating to delay in payment under One Time
Madras High Court: S M Subramaniam, J. upheld the decision taken by Indian Banks Association to unilaterally withdraw the facility for State
Press Release The Reserve Bank of India (RBI) has imposed, by an order dated 15-07-2019, monetary penalty of 70 million on State