FIR against Lakshmi Vilas Bank, directors for `794-cr deposit loan ‘adjustment’

“Mere registration of FIR against the bank does not mean anything at this stage. The bank is committed to cooperate with the investigating agencies and authorities to bring out the malicious attempts of RFL to mislead the public to cover up fraud indulged by their own promoters, employees and group firms,” the bank said. Disputing the said “adjustment”, RFL has filed a suit against the bank in May 2018 before the Delhi High Court and the same is being defended by the bank.

“RFL had also filed an interim application in the suit claiming attachment of the assets of the bank, its employees, directors etc,” the bank said. The said application was heard for over a year and when the same was reserved for orders, RFL made a submission to the court for withdrawing the said interim application for the reasons best known to them, it said.