LatestLegal Updates 29 June 2026
Bank Ordered to Repay
A Kerala High Court single bench has ordered a bank to repay a fixed deposit of Rs 5 lakh after the bank failed to return the amount upon maturity, the court also ordered the bank to pay 12 percent interest and Rs 10,000 as compensation, as per the consumer commission's order the bank was supposed to repay the amount with interest and compensation but it failed to do so, now the bank has been directed to repay the amount with the said interest and compensation
A bank has been ordered by the Kerala High Court to repay a fixed deposit of Rs 5 lakh. The deposit had matured but the bank failed to return the amount.
The court has directed the bank to repay the deposit with 12 percent interest and Rs 10,000 as compensation.
- The court rejected the bank's contentions and ordered it to comply with the consumer commission's order.
- The bank was supposed to repay the amount with interest and compensation but it failed to do so.
- Now the bank has been directed to repay the amount with the said interest and compensation.
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