Supreme Court of India · 2023-03-27
C.M.D.,CITY UNION BANK LIMITED . vs R.CHANDRAMOHAN
- Citation / case number
- SC 2007/6593
- Court
- Supreme Court of India
- Petitioner
- C.M.D.,CITY UNION BANK LIMITED .
- Respondent
- R.CHANDRAMOHAN
- Author
- HON'BLE MS. JUSTICE BELA M. TRIVEDI
- Bench
- HON'BLE MS. JUSTICE BELA M. TRIVEDI HON'BLE MR. JUSTICE AJAY RASTOGI
Judgment text excerpt
The Supreme Court examined the appeal concerning a dispute over the re-crediting of funds in a bank account, arising from alleged wrongful withdrawal or non-credit of two demand drafts. The lower courts had found in favor of the respondent, directing the bank to re-credit the amount. The Court analyzed whether the bank had acted negligently or in breach of duty, ultimately affirming the lower courts' decisions and emphasizing the bank's obligation to maintain accurate account records and honor valid transactions.