BREAKING | Hard Earned Money Has Been Siphoned: Supreme Court Rejects Anil Ambani’s Plea In Bank Fraud Classification Case

Today, On 16th April, The Supreme Court dismissed Anil Ambani’s plea against the fraud classification of his loan accounts under RBI’s 2024 Master Directions. The CJI remarked, “Hard earned money has been siphoned. Did you make good losses of banks and financial institutions?”

Consumer Forum Cannot Decide Banking Disputes Involving Fraud, Forgery: Supreme Court On Bank Deposit Cases

The Supreme Court of India ruled consumer forums cannot decide fraud or forgery disputes in banking transactions like unauthorized fixed deposit pledges. Justices PS Narasimha and Manoj Misra said such cases belong in civil or criminal courts.