https://www.taxtmi.com/caselaws?id=298194 The Supreme Court overturned the High Court's decision in a case involving an unauthorized fund transfer by a bank. Despite the bank admitting to the unauthorized transfer and promising to recredit the amount, the High Court dismissed the petition citing disputed facts. The Supreme Court found no such dispute, criticized the bank's actions, and directed the bank to recredit the amount to the appellant's account within three weeks. Emphasizing the bank's duty to act honestly and in the best interest of customers, the Court highlighted the importance of transparency and prompt rectification of unauthorized transfers to maintain public trust in banking institutions. en-us Tue, 04 Sep 1990 00:00:00 +0530 Tue, 19 Oct 2021 15:20:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=298194 The Supreme Court overturned the High Court's decision in a case involving an unauthorized fund transfer by a bank. Despite the bank admitting to the unauthorized transfer and promising to recredit the amount, the High Court dismissed the petition citing disputed facts. The Supreme Court found no such dispute, criticized the bank's actions, and directed the bank to recredit the amount to the appellant's account within three weeks. Emphasizing the bank's duty to act honestly and in the best interest of customers, the Court highlighted the importance of transparency and prompt rectification of unauthorized transfers to maintain public trust in banking institutions. Case-Laws Indian Laws Tue, 04 Sep 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=298194