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The country's largest private sector bank, ICICI Bank, has been fined Rs 2 lakh for knocking at the judiciary's door on a false pretext by a Delhi court which asked it to have a sense of responsibility matching its size.
“The larger the size of an organisation or institution, the greater is the sense of responsibility expected from it,” said the court while holding ICICI Bank guilty of making false claims to court to secure its order to seize the vehicle of an alleged bank loan defaulter.
The Additional Chief Metropolitan Magistrate (ACMM), Mr Lokesh Kumar Sharma, held the bank guilty after finding that it had moved the court for its permission to seize the vehicle despite confiscating the same nearly a month earlier.
The ACMM asked the bank to be more responsible while rebuking it for taking the plea that it was a large outfit and such mistakes were bona fide and commonplace.
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