Bank failed to return FD; HC orders 12% interest and.
Synopsis The Kerala High Court has ruled that a bank dealing with public funds owes a duty to its depositors to make prompt payment of
Synopsis The Kerala High Court has ruled that a bank dealing with public funds owes a duty to its depositors to make prompt payment of the funds deposited by them. This judgement came against the background of a case filed by a man from Thrissur whose grievance was that his Rs 5 lakh FD which had matured in 2015 but due to technical reasons the bank did not repay it.
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