India, Dec. 10 -- The Supreme Court on Tuesday wondered what purpose the grant of "personal hearing" would serve to the bank account holders whose accounts were declared as fraud after following due diligence prescribed by the Reserve Bank of India in 2017.
A bench of Justices JB Pardiwala and KV Viswanathan was hearing a plea of the State Bank of India challenging a decision of the Calcutta High Court, which directed giving a personal hearing by following the principle of natural justice to such bank account holders.
"How do you justify the grant of personal hearing to you when the banks what they are actually doing as per the RBI circular is due diligence at the back end and providing you an opportunity to put your point forward in writ...