Published on : 10 Dec 2025, 12:20 pm 3 min read

The Rajasthan High Court on Tuesday rejected a plea moved by Axis Bank against a trial court order for refund of over ₹8 crore rupees appropriated by it in a criminal case related to a fraud on farmers [Axis Bank Ltd vs State Of Rajasthan]

The trial court had warned of action against the bank CEO and its managing directors in case of failure to refund the amount, which had been ordered to be kept in a fixed deposit (FD) with the bank.

However, the bank moved the High Court, justifying the decision to encash the FD on the basis of an order passed by the Debt Recovery Tribunal (DRT).

After examining the records, Justice Anoop Kumar Dhand found that the bank had not apprised the DRT about relevant court orders when it was granted

See Full Page