The Supreme Court has directed that a plea seeking a uniform SOP for freezing and de-freezing bank accounts during cybercrime investigations be placed before CJI Surya Kant. The petition raises concerns over arbitrary account freezes without notice, citing violations of constitutional rights and lack of procedural safeguards.
The Kerala High Court stated the Union Government and NDMA can influence banks to waive loans for Wayanad landslide victims, despite RBI’s restrictions. Kerala Bank already waived Rs 5 crore in loans, serving as a model. Additionally, the court called for immediate state actions to enhance disaster preparedness ahead of monsoon rains.
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.
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.
A petition filed in the Delhi High Court seeking regulation of cryptocurrencies and an investigation into the recent BitBNS crisis. BitBNS, a prominent Indian cryptocurrency exchange, faced backlash after users reported withdrawal freezes, sparking concerns among investors. The court has now directed the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI) to respond to the issue. This case highlights the growing need for stronger oversight in India’s cryptocurrency sector.