The Delhi High Court has asked Union Bank of India to clarify whether due process was followed before declaring an account linked to Anmol Ambani as fraudulent. The court stressed that issuing a show-cause notice is mandatory under principles of natural justice.
The District Consumer Court has directed Union Bank to refund Rs 17.5 lakh, withdrawn without permission from a customer’s account. The court also imposed 5% yearly interest and called the bank’s act an unfair trade practice.
