Cheating Case Against Central Bank of India Officers Quashed, Bank Entitled to Adjust OTS Deposit on Borrower’s Default: Delhi High Court
The Delhi High Court has quashed criminal proceedings initiated against the Central Bank of India and its senior officials, holding that a bank is legally entitled to adjust the amount deposited under a One Time Settlement if the borrower fails to comply with the settlement terms. The judgment was delivered by Justice Neena Bansal Krishna in a petition challenging the summoning order passed against the bank officials. Details Of Criminal…
