State Bank of India recently filed a plea in SC seeking clarifications on the latter’s verdict in relation to identifying fraudulent accounts. The Apex Court had earlier said that a borrower must be heard before the account is declared fraudulent. It’s said that doing so is in line with natural justice. Now, the bank has come out with certain suggestions in regard to the plea.
Business Standard has done a detailed story on this issue, ‘Why does SBI want SC to clarify its fraud account ruling?‘ where Mukesh Chand, Senior Counsel, Economic Laws Practice (ELP)’s views have been sought.
Tune into the story here: https://rb.gy/3s18l