The record
Written from the 1 report below. Nothing here is unsourced.
- The Telecom Disputes Settlement and Appellate Tribunal has stayed an August order that held IDFC First Bank liable for unauthorized transfers from a company account.
- The bank was initially ordered to pay Rs 57.06 lakh to the affected firm, Bharat Jyoti Impex, due to alleged lapses in security practices.
- The tribunal has instructed the bank to deposit the principal amount with the registrar while the legal appeal proceeds.
What to watch next
- Final tribunal ruling on bank liability for unauthorized transfers.
- Resolution of the deposit submitted to the tribunal registrar.
Coverage1
1 report
English national1
All filed from India
Named India · IN-MH · Bharat Jyoti Impex · IDFC FIRST Bank · Dhirubhai Naranbhai Patel · Electronics, Information Technology and Artificial Intelligence Department · Juhu police · Sanjeev Banzal · Telecom Disputes Settlement and Appellate Tribunal · Virendra Singh
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