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IN THE HIGH COURT OF JUDICATURE AT MADRAS
M. Dhandapani, J
Bhushan Goyal – Appellant
Versus
The Banking Ombudsman C/o.Reserve Bank of India – Respondent
| Table of Content |
|---|
| 1. petitioner's claim of unauthorized transaction (Para 1 , 2 , 3) |
| 2. arguments regarding bank's liability and negligence (Para 4 , 5 , 6) |
| 3. analysis of similar cases and rbi regulations (Para 8 , 9 , 10 , 11) |
| 4. customer's diligence and bank's accountability (Para 12 , 13 , 14 , 15 , 16) |
| 5. directive for bank to recredit the amount (Para 17 , 18) |
ORDER
This writ petition has been filed seeking issuance of Writ of Certiorarified Mandamus calling for the records of the first respondent dated 25.07.2022 in complaint Number: N202223006007331/2022-23 closing the complaint filed by the petitioner, and quash the same and consequently direct the second respondent to refund the amounts to the tune of Rs.7,50,085/- relating to unauthorized transaction carried out through Current A/c No.859708801, along with interest at SBI rate for cash credits from the date the amounts were withdrawn, 24.02.2016, till the date of credit of the amounts into the account of the petitioner.
2.The learned counsel appearing for the petitioner submitted that the petitioner is the customer of the second respondent Bank holding current account in the name of M/s.Chanda Softy Icecreams bearing a/c no.85978
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