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.

Asked on 6/11/11, 7:11 pm

4 Answers from Attorneys

J. Radhakrishnan independent Practice

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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.

Answered on 6/11/11, 8:17 pm

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RAJIV GUPTA (Cell: +91 9811284735) [email protected]

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you may approach the high court under writ jurisdiction.

Answered on 6/11/11, 10:44 pm

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Vishwa Arya Arya & Co.

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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.

Answered on 6/12/11, 1:50 am

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