Supreme Court: Bank can't revalue gold once loan repaid

added a post in National

2025-06-17 02:07:08 -

The Supreme Court overturned a Patna High Court decision, reinstating charges against Bank of India officials accused of misappropriating gold pledged as loan collateral. The court questioned the bank's re-evaluation and auctioning of the gold after the borrower, Abhishek Singh, repaid his loan.

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