No hearing in Rs 2 crore plaint, Bombay HC frowns at RBI ombudsman

The Bombay High Court has reinstated a serious complaint where Rs 2 crore was allegedly siphoned from an IndusInd Bank account. The court criticized the RBI ombudsman for dismissing the case summarily without a hearing, emphasizing the need for natural justice.

No hearing in Rs 2 crore plaint, Bombay HC frowns at RBI ombudsman
The Bombay High Court has reinstated a serious complaint where Rs 2 crore was allegedly siphoned from an IndusInd Bank account. The court criticized the RBI ombudsman for dismissing the case summarily without a hearing, emphasizing the need for natural justice.