To get approval, Jack was asked to get a document from the US authorities certifying he was not married. This was a clever bureaucratic ploy for rejecting his application. Getting the US authorities to certify a negative fact that Jack was not married-was an impossible task.
I recalled this story while reading a Mumbai High Court decision requiring a bank to refund ₹77 lakh that had been debited from a company called PSAPL's bank account without authorisation.
On October 2, 2022, PSAPL received 13 SMS messages notifying it of the transfer of 77 lakh from its account to unknown parties. The beneficiaries were not known to PSAPL and it had not added them as beneficiaries. Aside from the SMS alerts, it had received no other communication from the bank.
This story is from the July 01, 2024 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the July 01, 2024 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Rising demand for ACs pushes up Voltas stock
Distribution expansion, launches may perk up firm's showing
Robust production, new initiatives to drive growth for Coal India
Coal India looks set to achieve its 2024-25 (FY25) production targets. If it can achieve its aim of ramping up Fuel Supply Agreement (FSA) and e-auction volumes, along with cost-saving, evacuation and infrastructure-improvement projects, the company could maintain its momentum as a critical infrastructure and core industry performer.
Kotak MF lifts curbs on smallcap fund
Kotak Mutual Fund has lifted investment restrictions on its smallcap fund, citing stability in the category post the general elections.
Quant MF raises wager on HDFC Bank, exposure up
Quant Mutual Fund (MF), one of the few fund houses to run a significant underweight position in private banks, has raised its allocation towards HDFC Bank.
Broking stocks slide on Sebi pivot
Exchanges and depositories also feel the heat
Over 100 dead in stampede at satsang in UP's Hathras
PM MODI ANNOUNCES ₹2 LAKH EX GRATIA FOR NEXT OF KIN OF DEAD | CONDOLENCES POUR IN; UP CM MAY VISIT SITE TODAY
Centre's sacrifice for cooperative federalism
It has now been seven years since the Goods and Services Tax (GST) was introduced.
The rise of skyscrapers
Each time crossing over the Bandra-Worli Sea link, my eyes get locked in to admire Mumbai's skyline of towers, wrapped in glass.
Overdue Census
The delay is disturbing
Investor confidence
Index inclusion also has risks