NCLT: Suspended Directors Who are Prospective Resolution Applicants Cann’t Access Valuation Reports  ||  Supreme Court Clarifies Test For Granting Bail to Accused Added at Trial under Section 319 CrPC  ||  SC: Fresh Notification For Vijayawada ACB Police Station not Required After AP Bifurcation  ||  SC: Studying in a Government Institute Does Not Create an Automatic Right to a Government Job  ||  NCLT Mumbai: CIRP Claims Cannot Invoke the 12-Year Limitation Period For Enforcing Mortgage Rights  ||  NCLAT: Misnaming Guarantor as 'Director' in SARFAESI Notice Doesn't Void Guarantee Invocation  ||  Jharkhand HC: Mere Breach of Compromise Terms by an Accused Does Not Justify Bail Cancellation  ||  Cal HC: Banks Cannot Freeze a Company's Accounts Solely Due To ROC Labeling a 'Management Dispute'  ||  Rajasthan HC: Father’s Rape of His Daughter Transcends Ordinary Crime; Victim’s Testimony Suffices  ||  Delhi HC: Judge Who Reserved Judgment Must Deliver Verdict Despite Transfer; Successor Can't Rehear    

Bombay HC Imposes 50K Cost on Bank for Deducting Pension Retrospectively - (25 Aug 2020)

BANKING

Bombay High Court has imposed a cost of Rs.50,000 on State Bank of India for deducting more than Rs.3 lakh from 85-year-old pensioner Naini Gopal's account after the bank concluded that an amount of Rs.872 per month was 'erroneously paid' in excess to the Petitioner from the October, 2007 due to technical error in the system.

Tags : BOMBAY HIGH COURT   DEDUCTION OF PENSION RETROSPECTIVELY  

Share :        

Disclaimer | Copyright 2026 - All Rights Reserved