Legal Question in Banking Law in India
A foreign bank gave me damaging advice in 2003 and when i brought it to the notice of RBI they dismissed my compalaint as frivolous. Since a Govt agency like RBI did no justice to me can i straight away file my case in the supreme court? This damage happened in 2003 but I have been continuously in touch with the bank and they have been in touch with me as also RBI. Thanks.
4 Answers from Attorneys
The period of limitation for suing the foreign bank is 3 years from the date of discovery of fraud. since that time expired, nothing can be done. Please forget the matter and be at peace.
you may approach the high court under writ jurisdiction.
the statue of limitation to claim damages is three years. writ jurisdiction does not have any limitation as such. But, foreign bank, is not a state under the constitution of india. moreover, under writ jurisdiction you cannot challenge facts.
What was the damaging advice given by the bank ? How do you say the bank and you are in touch with each other since 2993 ? Please clarify.
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