Financial Services — Landmark Events

Landmark Events

State Bank of India vs. Santosh Gupta

2017

This Supreme Court judgment clarified the liability of banks in cases of fraudulent transactions and established the principle of customer protection in electronic banking. The…

RBI vs. Jayantilal N. Mistry

2021

The Supreme Court upheld RBI's power to issue directions to banks under Section 35A of the Banking Regulation Act, even in cases where no specific violation is established. This…

SEBI vs. Sahara India Real Estate Corporation

2012-2019

This landmark case established SEBI's jurisdiction over collective investment schemes and strengthened investor protection mechanisms. The Supreme Court ordered Sahara to refund…