{"id":1046058,"date":"2026-10-31T08:34:47","date_gmt":"2026-10-31T03:04:47","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=1046058"},"modified":"2026-10-31T09:02:07","modified_gmt":"2026-10-31T03:32:07","slug":"may-make-banks-pay-digital-arrest-victims-if-due-diligence-fails-supreme-court","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/10\/31\/may-make-banks-pay-digital-arrest-victims-if-due-diligence-fails-supreme-court\/","title":{"rendered":"May make banks pay digital arrest victims if due diligence fails: Supreme Court"},"content":{"rendered":"<p>Describing the menace of \u2018digital arrest\u2019 as \u201cthe biggest financial fraud\u2026 on the economy of the country\u2026 running into thousands of crores of rupees,\u201d the Supreme Court said Thursday it proposed to issue a direction making banks compensate victims and face prosecution if it\u2019s established that failure of due diligence on their part resulted in such a fraud. <\/p>\n<p>A three-judge bench, comprising Chief Justice of India Surya Kant, Justice Joymalya Bagchi and Justice V Mohana, pulled up the Reserve Bank of India (RBI) over the spate of digital arrest cases, saying it was \u201csoft pedalling\u201d the issue.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Describing the menace of \u2018digital arrest\u2019 as \u201cthe biggest financial fraud\u2026 on the economy of the country\u2026 running into thousands of crores of rupees,\u201d the Supreme Court said Thursday it proposed to issue a direction making banks compensate victims and face prosecution if it\u2019s established that failure of due diligence on their part resulted in such a fraud. A three-judge bench, comprising Chief Justice of India Surya Kant, Justice Joymalya Bagchi and Justice V Mohana, pulled up the Reserve Bank of India (RBI) over the spate of digital arrest cases, saying it was \u201csoft pedalling\u201d the issue.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[63,4,12],"tags":[],"class_list":["post-1046058","post","type-post","status-publish","format-standard","hentry","category-it-2-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1046058","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=1046058"}],"version-history":[{"count":1,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1046058\/revisions"}],"predecessor-version":[{"id":1046076,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1046058\/revisions\/1046076"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1046058"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1046058"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1046058"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}