Supreme Court bars banks from blacklisting lawyers via 'caution' lists

The Supreme Court declared the Indian Banks' Association lacks authority over lawyer caution lists. Such lists are unsustainable in law and beyond bank jurisdiction. Banks can remove lawyers from panels but cannot publicly declare their incompetence. The apex court ruled the IBA cannot blacklist professionals through caution lists. This judgment followed an advocate's challenge to his inclusion on such a list.

Raccontata dahindustantimes.comeconomictimes.indiatimes.com