Court Declines SBI's Plea To Reject Rs 36 Crore Recovery Suit: Bombay High Court

A customer, identified as the Plaintiff-Board in the court order, has successfully sued a bank (Defendant-Bank) for failing to repay a significant portion of their fixed deposits. The court ruled in favor of the customer, determining the dispute falls under the definition of a "commercial dispute" as outlined in the Commercial Courts Act. Case Background: The Plaintiff-Board deposited Rs.45,00 crore with the Defendant-Bank in fixed deposits. However, the Bank allegedly…