SC Directs Bank To Compensate A School Who Lost Money In Online Banking Fraud [Read Judgment]

The Supreme Court has directed a bank to give compensation of Rupees Twenty Five Lakhs to a school whose money from the bank account was siphoned out by the miscreants. The complaint of the Principal of the DAV Public School before the Consumer Forum alleged deficiency of service against the Indian Bank inasmuch as the School's bank accounts without net banking facility, was linked with...