Bombay HC: Account Holder Not Liable For Unauthorized Transactions Due To Third Party Breach - 17.06.2024

Bom. HC while directing Bank of Baroda to refund Rs. 76,90,017 to a company who lost the amount in a cyber fraud involving unauthorized electronic banking transactions for which no OTP was sent has observed that account holder is not liable for unauthorized transactions due to third party breach

Tags : Bombay High Court OTP Bank of Baroda

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