Indian Economy·Key Judgments
Financial Services — Key Judgments
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Version 1Updated 5 Mar 2026
Key Judgments
State Bank of India vs. Santosh Gupta
2017This 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
2021The 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
2012-2019This landmark case established SEBI's jurisdiction over collective investment schemes and strengthened investor protection mechanisms. The Supreme Court ordered Sahara to refund…