https://www.taxtmi.com/news?id=71218 Division bench overturned a single-judge interim stay that had restrained banks from classifying certain accounts as fraud, finding the stay illegal and perverse. The banks and an audit firm had appealed, asserting the forensic audit was legally valid and disclosed serious fund siphoning and misutilisation; the prior stay rested on challenges to the audit's compliance with RBI guidelines and the auditor's qualifications, which the division bench rejected. en-us Mon, 23 Feb 2026 12:01:04 +0530 Mon, 23 Feb 2026 12:01:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=71218 Division bench overturned a single-judge interim stay that had restrained banks from classifying certain accounts as fraud, finding the stay illegal and perverse. The banks and an audit firm had appealed, asserting the forensic audit was legally valid and disclosed serious fund siphoning and misutilisation; the prior stay rested on challenges to the audit's compliance with RBI guidelines and the auditor's qualifications, which the division bench rejected. News - Mon, 23 Feb 2026 12:01:04 +0530 https://www.taxtmi.com/news?id=71218