Finance

Ananya Birla’s Svatantra is ready to ask for ₹3,000 cr

Cyber fraud probe over Rs 36,000 cannot block entire bank account, says Allahabad HC

The Allahabad high court ruled banks should not fully block accounts during cyber fraud investigations. Only the specific disputed amount should be frozen, allowing access to remaining funds. The court emphasized clear communication channels for customers with blocked accounts. This directive aims to balance investigations with legitimate financial activities of individuals. Banks must now inform customers about grievance redressal mechanisms for frozen accounts.

Kalpataru Projects Wins ₹3,526 Crore Orders, FY27 Order Intake Crosses ₹11,000 Crore

Vedanta Wins Bid For 152-Hectare Manganese Block, Project To Support India’s Domestic Supply