Karnataka High Court holds BSNL responsible for an Rs 87 lakh bank fraud, stating the telecom giant’s negligence in issuing a duplicate SIM enabled cybercriminals. The court dismissed BSNL’s challenge, enhancing compensation to over Rs 50 lakh plus interest, emphasizing a heightened duty of care for financial institutions. Karnataka High Court holds BSNL responsible for an Rs 87 lakh bank fraud, stating the telecom giant’s negligence in issuing a duplicate SIM enabled cybercriminals. The court dismissed BSNL’s challenge, enhancing compensation to over Rs 50 lakh plus interest, emphasizing a heightened duty of care for financial institutions.
