https://www.taxtmi.com/caselaws?id=356807 The Supreme Court held that HDFC Bank acted negligently and without good faith in opening an account and allowing large withdrawals, making it liable to Indian Overseas Bank. The plaintiff is entitled to recover Rs. 75,00,000/- with 12% interest per annum and costs, with both defendants held jointly and severally liable. en-us Mon, 26 Feb 2018 00:00:00 +0530 Mon, 12 Mar 2018 17:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356807 The Supreme Court held that HDFC Bank acted negligently and without good faith in opening an account and allowing large withdrawals, making it liable to Indian Overseas Bank. The plaintiff is entitled to recover Rs. 75,00,000/- with 12% interest per annum and costs, with both defendants held jointly and severally liable. Case-Laws Indian Laws Mon, 26 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356807