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High Court Rules Banks Can't Touch Life Insurance Funds

Finance

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High Court Rules Banks Can't Touch Life Insurance Funds

You won't believe this, but the Allahabad High Court just threw down the gauntlet! A bank can’t swipe a widow's life insurance cash to pay off her late husband's loan! Priti Singh’s husband took a loan and then zoomed off to the afterlife without paying. The court said that insurance money is hers, not the bank's! So, they better return ₹17,29,999 or explain themselves, believe it!