https://www.taxtmi.com/caselaws?id=301967 The court found the Punjab National Bank and the National and Grindlays Bank jointly and severally liable to pay Rs. 18,000 and interest to the plaintiff for the fraudulent actions of their officials in colluding to alter a cheque. The Punjab National Bank was held liable for negligence and breach of contract, while the National and Grindlays Bank was also found liable for failing to act in good faith. The judgment emphasized the duty of banks to adopt fair practices and promptly address fraudulent activities by employees, dismissing the appeal with costs. en-us Thu, 25 Aug 1977 00:00:00 +0530 Thu, 28 Apr 2022 17:30:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301967 The court found the Punjab National Bank and the National and Grindlays Bank jointly and severally liable to pay Rs. 18,000 and interest to the plaintiff for the fraudulent actions of their officials in colluding to alter a cheque. The Punjab National Bank was held liable for negligence and breach of contract, while the National and Grindlays Bank was also found liable for failing to act in good faith. The judgment emphasized the duty of banks to adopt fair practices and promptly address fraudulent activities by employees, dismissing the appeal with costs. Case-Laws Indian Laws Thu, 25 Aug 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301967