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SC on liability of banker for allowing operation of locker restrained by Income Tax Department
Case Law Details
- Case Name
- HDFC Bank Ltd. Vs State of Bihar & Ors. (Supreme Court of India)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- Supreme Court of India
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HDFC Bank Ltd. Vs State of Bihar & Ors. (Supreme Court of India)
Whether a banker can be held liable for erroneously allowing locker to be operated which had been restrained to be operated by Income-tax in pursuance of search u/s 132?
A peculiar situation arose in this case when HDFC Bank Gandhi Maidan Patna Branch allowed bank locker to be operated by Khemka family on whom a search was earlier conducted and their bank account and lockers were restrained by Director of Income-tax(INV). However, subsequently the said restrain order was revoked though only in relation to Ban...
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