https://www.taxtmi.com/news?id=72418 Banks' proceedings to classify bank accounts as fraud were challenged on the basis that the underlying forensic audit was allegedly defective, the audit firm lacked qualification, and the banks' notices were said to violate mandatory RBI guidelines. The dispute concerned interim protection granted by a single judge against present and future action by the banks, followed by the division bench setting aside that protection. The Supreme Court declined to interfere with the division bench order, clarified that its observations would not affect the pending suit, and requested expeditious disposal of the challenge to the show cause notices. en-us Thu, 16 Apr 2026 21:16:04 +0530 Thu, 16 Apr 2026 21:16:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=72418 Banks' proceedings to classify bank accounts as fraud were challenged on the basis that the underlying forensic audit was allegedly defective, the audit firm lacked qualification, and the banks' notices were said to violate mandatory RBI guidelines. The dispute concerned interim protection granted by a single judge against present and future action by the banks, followed by the division bench setting aside that protection. The Supreme Court declined to interfere with the division bench order, clarified that its observations would not affect the pending suit, and requested expeditious disposal of the challenge to the show cause notices. News - Thu, 16 Apr 2026 21:16:04 +0530 https://www.taxtmi.com/news?id=72418