No Relief Under RBI Cyber-Fraud Circular When Customer Negligence Is Established: Allahabad HC

Suresh Chandra Singh Negi And Another Vs Bank of Baroda And Others (Allahabad High Court) The petitioners filed a writ petition under Articles 226 and 227 of the Constitution of India seeking a mandamus directing the respondent bank to restore ₹38,78,000, which they alleged had been fraudulently withdrawn from their bank accounts. Their claim was premised on the RBI Circular dated 06.07.2017 concerning “Customer Protection – Limiting Liability of Customers in Unauthorised Electronic Banking Transactions.” They also relied on two judicial precedents: the Supreme Court’s decision in St...