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Madras High Court Quashes CBI Prosecution in Rs. 284.84 Crore Bank Fraud Case** The Madras High Court has quashed criminal proceedings against seven accused in a CBI bank fraud case involving Union Bank of India, ruling that a purely commercial loan default cannot be given a criminal colour once dues have been settled through the insolvency process. Justice G.K. Ilanthiraiyan, in a
by Sekar Reporter · Published July 10, 2026