India, Dec. 10 -- In a significant ruling under the Information Technology Act, Gujarat's Adjudicating Officer has held ICICI Bank and Vodafone Idea Limited (VIL) liable for negligence in a major ...
ICICI Bank was fined Rs 10 lakh, and Vodafone was fined Rs 5 lakh in a Gujarat SIM fraud case involving an Ahmedabad-based firm that lost more than Rs 1.19 crore due to unauthorised bank transactions.