Recovery Suit Against Bank For Misappropriating Funds From Current Account Maintainable Before Commercial Court: Karnataka High Court
The Karnataka High Court has said that misappropriation of funds, or loss of funds from a customer’s ‘current account’ maintained by a banking institution, is a commercial dispute and the customer’s recovery suit against the bank is maintainable before the Commercial Court. Justice M Nagaprasanna held thus while allowing the petition filed by M/s. Viswas