After Supreme Court's fraud tag verdict, responsibility now on banks

Borrowers - small and large - can now seek a relook at their cases

Raghu Mohan Business Standard New Delhi

Supreme Court

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The apex court was of the view that this leads to serious civil consequences for the borrower, and is akin to blacklisting them for both being untrustworthy and unworthy of credit

4 min read Last Updated : Mar 27 2023 | 10:40 PM IST

The Supreme Court’s (SC’s) verdict on Monday that a borrower must be heard before an account is classified as fraud has come as a big relief for India Inc. The decision places responsibility on banks

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Topics : Banks | Supreme Court

First Published: Mar 27 2023 | 9:08 PM IST

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