HDFC Bank Directed to Remit ₹38.04 Lakhs to Businessman Who Lost Money in Cyber Fraud: Bombay High Court

The matter before the Bombay High Court involved a writ petition filed by Subodh C. Korde, a Pune-based businessman, who became a victim of cyber fraud resulting in loss of ₹38.04 lakh from his bank accounts. The petition was filed against HDFC Bank, along with other authorities including Union of India, RBI, ICICI Bank and BSNL. Facts of the Cyber Fraud Incident The case revolved around a cyber fraud executed…