Mumbai, March 19: The Bombay High Court has strongly criticized Mumbai police for not acting quickly on a senior citizen’s complaint about a digital fraud in which she lost Rs 32 lakh. The court said that in cyber fraud cases, immediate action is necessary to prevent further loss and directed the police to improve their response system.
MUMBAI: Today, 28th Feb,The Bombay High Court expressed serious concerns over how banks declare loan accounts as ‘fraud’ or ‘defaulter’ without properly applying their minds. The court highlighted that banks often pass such orders in a “cut, copy, paste manner” without following due procedures. The court suggested that the Reserve Bank of India (RBI) must step in and take action to ensure such lapses do not continue.
New Delhi: Today, 11th Feb, The Supreme Court of India has ruled that banks are not required to station security guards at all ATMs 24×7 to enforce orderly queues and ensure that only one customer enters at a time. This decision came from a bench comprising Justices Bhushan R Gavai and K Vinod Chandran, as they overturned a 2013 directive issued by the Gauhati High Court.
The Supreme Court criticized the Real Estate Regulatory Authority (RERA) for failing to meet its objectives, stating it has become a refuge for retired bureaucrats who undermine the Act’s intentions. Established in 2016 to ensure real estate transparency and protect homebuyers, RERA’s effectiveness is now in question amid ongoing legal challenges.
