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High Court Declares Widow's Insurance Cash Off Limits for Banks

Finance

TonyTony

High Court Declares Widow's Insurance Cash Off Limits for Banks

So, here’s the scoop: the Allahabad High Court just told SBI to back off from snagging a widow's insurance loot. Priti Singh's late husband had a loan, but guess what? She’s not the borrower or the guarantor, so that cash is hers. The court said, 'Refund that ₹17,29,999, or we’ll need to hear your excuses!' Insurance money isn’t a bank’s plaything, folks.