RBI to Reevaluate Bank’s Exercise of “Right of Recompense” in Landmark Kerala High Court Judgment

In a significant legal development, the High Court of Kerala at Ernakulam has rekindled the debate on the “Right of Recompense” in a recent judgment delivered by Justice Devan Ramachandran. The case in question involves a contractor, Kurien E Kalathil, and multiple respondents, including The Federal Bank Ltd., The Divisional Head of The Federal Bank,

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