Banks acting bona fide can't be answerable to judiciary: Delhi HC

Monday held that banks, acting bona fide, cannot be made answerable to the judiciary regarding the economic expediency of their decisions and easy allegations of financial impropriety by banks should not be entertained by courts unless cogent material is shown.

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The high court said the banking sector constitutes the backbone of the nation’s economy and it is the duty of the court to apprise itself of the facts by calling on the banks and other associated or involved enterprises to answer the allegations before settin