hello there once again !!
This time, it is a case from the nationalised commercial bank.
From year 2009 to year 2010, a branch manager (XYZ) of a nationalised bank, sanctioned different loans under different schemes to a family (MNO). In year 2011, the same branch manager (XYZ) got transferred and the new branch manager (ABC) took over. The loans that were sanctioned during his time became almost NPA, there was some tussle also between XYZ and ABC (the branch managers). There was some un accounted or suspesious amounts in accounts of XYZ's family members (wife, brother, son & daughter). ABC registered a FIR through court to police station against XYZ stating "XYZ mis used the seat and cheated with bank in supporting the family MNO and many other families of this place (a list of approx 15 members who were granted the loan and who's accounts have become or almost NPA)".
What i wish to know is:
(1) Can a branch manager file a case under his name or the case should be filed under the capacity of branch manager ?
(2) the objective of the case is to focus branch manager XYZ or the familes or people who got the loan sanctioned and their accounts are improper rather irregular ?
(3) since the main accused is the ex- branch manager XYZ, what preacutions should the other people take who have been involved in this case due to bad accounts ?
(4) Can the loanees become the party apart from the branch manager XYZ against whom the case is filed?
(5) some of the loanees approached to the bank asking for one time settlement, but the present branch manager says no to the one time settlement. Is he justified?
kindly suggest
regards
