Transfer pricing comparability requires functional alignment, reliable financial data, and careful review of working capital and receivables adjustmen...
Transfer pricing rules require benchmarking corporate guarantees and associated-enterprise advances, while invalid domestic-transaction adjustments ca...
Prospective sugar export prohibition required registered letters of credit; private contracts and export quotas created no enforceable continuation ri...
Retroactive interim-moratorium exclusion permits protective asset disclosure and preservation measures against personal guarantors pending arbitration...
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The court held that mere suspicion against the respondent, a bank official, is not enough to frame charges in a case involving alleged conspiracy and misconduct in sanctioning credit facilities to a company. The proposal went through various committees, including the Loan Advisory Committee, and was approved by higher authorities like the Chief General Manager (Credit) and Executive Director. The respondent's role was limited to signing the memorandum after it was approved by others. The fact that the proposal was processed quickly does not constitute an offense. No material evidence showed any accused other than bank officials met the respondent before sanction. Based on the charge sheet material, the respondent's complicity was not established, and the court dismissed the appeal against the impugned order.
The court held that mere suspicion against the respondent, a bank official, is not enough to frame charges in a case involving alleged conspiracy and misconduct in sanctioning credit facilities to a company. The proposal went through various committees, including the Loan Advisory Committee, and was approved by higher authorities like the Chief General Manager (Credit) and Executive Director. The respondent's role was limited to signing the memorandum after it was approved by others. The fact that the proposal was processed quickly does not constitute an offense. No material evidence showed any accused other than bank officials met the respondent before sanction. Based on the charge sheet material, the respondent's complicity was not established, and the court dismissed the appeal against the impugned order.
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