INDIAN BANK, BOMBAY vs SATYAM FIBRES (I) — C.A. No. 1334/1995

SUMMARY The Supreme Court reversed the National Consumer Disputes Redressal Commission's judgment against Indian Bank, finding that Satyam Fibres fabricated a critical letter (No. 2776) requiring the French bank's co-acceptance of bills of exchange. The court determined that only the genuine letter (No. 2775) existed, which contained no such instruction, making the bank's failure to obtain co-acceptance non-negligent. The original complaint was dismissed with Rs. 25,000 costs to the bank. This case analysis is maintained by casestatus.in based on publicly available court records.