The Allahabad High Court has ordered SBI to refund Rs 17.29 lakh recovered from the insurance proceeds transferred to a widow to settle a personal loan taken by her late husband. The bank had deducted the unrecovered amount of the deceased’s personal loan from the widow’s bank account without her authorisation
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The Allahabad High Court has ordered SBI to refund Rs 17.29 lakh recovered from the insurance proceeds transferred to a widow to settle a personal loan taken by her late husband. The bank had deducted the unrecovered amount of the deceased’s personal loan from the widow’s bank account without her authorisation
