Directive to pay 3,73,000 rupees within four weeks; High Court rules bank must refund money lost in online fraud.
Kochi: The High Court has ordered SBI to refund 3,73,000 rupees lost by an account holder in an online banking fraud. Justice Harishankar V. Menon passed the order while allowing the petition filed by T.L. Ramadevi, retired principal of Pazhassi Raja NSS College, Mattannur, Kannur.
Explanation in simple terms
- What:
- The court ordered a bank to refund money a customer lost due to online fraud.
- Who:
- T.L. Ramadevi is the customer, State Bank of India is the bank, and the Kerala High Court is the judge.
- When:
- Reported on 20 Oct 2026.
- Where:
- Kerala High Court, Kerala.
- Why:
- The court determined the bank must return the lost funds to the customer.
- What it means:
- The bank must pay the customer the specified amount of money within a period of four weeks.
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