https://www.taxtmi.com/news?id=71253 The Master Directions aim to secure public money by enabling early detection, reporting and mitigation of fraud risk, and not every contravention of those Directions is amenable to judicial scrutiny. Banks may engage external auditors or forensic experts and the Directions do not require a mandatory form of forensic report before banks make final decisions. An earlier interim stay on banks classifying accounts as fraud was set aside as procedurally irregular and based on flawed factual and legal assumptions; continuation of proceedings was held not to cause irreparable harm and injunctive relief was inappropriate. en-us Tue, 24 Feb 2026 13:16:05 +0530 Tue, 24 Feb 2026 13:16:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=71253 The Master Directions aim to secure public money by enabling early detection, reporting and mitigation of fraud risk, and not every contravention of those Directions is amenable to judicial scrutiny. Banks may engage external auditors or forensic experts and the Directions do not require a mandatory form of forensic report before banks make final decisions. An earlier interim stay on banks classifying accounts as fraud was set aside as procedurally irregular and based on flawed factual and legal assumptions; continuation of proceedings was held not to cause irreparable harm and injunctive relief was inappropriate. News - Tue, 24 Feb 2026 13:16:05 +0530 https://www.taxtmi.com/news?id=71253