Writ relief against show cause notices is available where jurisdiction is absent and concluded advance rulings cannot be reopened without fresh fraud ...
Failure to supply relevant relied upon documents at the time of issuing show cause notice (SCN) impinges upon principles of natural justice by denying effective opportunity to respond. Providing underlying documents forming basis of SCN is imperative to enable efficacious reply. Bank directed to furnish investigation report, stock and receivables audit report with annexures to allow petitioner to make effective reply to SCN categorizing account as "fraud" under RBI guidelines.
Failure to supply relevant relied upon documents at the time of issuing show cause notice (SCN) impinges upon principles of natural justice by denying effective opportunity to respond. Providing underlying documents forming basis of SCN is imperative to enable efficacious reply. Bank directed to furnish investigation report, stock and receivables audit report with annexures to allow petitioner to make effective reply to SCN categorizing account as "fraud" under RBI guidelines.
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