No personal oral hearing needed before labelling bank accounts as fraud: SC

Apr 7, 2026 - 12:30
No personal oral hearing needed before labelling bank accounts as fraud: SC

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The Supreme Court ruled that banks are not required to provide personal oral hearings before classifying accounts as fraudulent. However, banks must furnish customers with a forensic audit report prior to such classification. This decision acknowledges the infeasibility of individual hearings given the significant rise in bank fraud cases.

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