662+ Lawyers are online 
Misappropriation of funds by bank and voliation of court order
04-Apr-2023 (In Banking / Finance Law)
On 12-08-2000 high court of Karnataka has ordered in decree that(A NATIONALISED BANK ) after sent it to SBM and open a Fixed deposit and give 9% pa interest till attainment of majority of that boy who was a victim of motor vehicle accident and give sum on attainment of majority and bank has awarded only 6% pa and now they are saying that court have no power to give interest rate to bank and what ever they done is right . What would mine next step please help me I received very less amount
You can file an Interim application in the case which was disposed off by High court of karnataka that
the nationalized bank has not awarded 9% interest and ask for a direction to pay the balance interest for the entire period. But pl.not that there are Supreme court judgments awarding only 6% interest, so you can try though before the High court of karnataka.
Pratap, Advocate
29+
Adv. Pratap Kumar
Bangalore | 200+ Answers
Chat
30+
Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to address the specific facts and details.
No Comments! Be the first one to comment.
"lawrato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."
