Government appoints National Customs Targeting Centre-Passenger director as customs officer with powers under PNR Regulations, 2022 and Sections 30A, ...
The HC dismissed the petition and upheld the Respondent-Bank's June 13, 2025 order classifying the petitioner's account as "fraud" and reporting the petitioner to the regulator. The court found the impugned order to be reasoned, complied with the doctrine of audi alteram partem and the Master Directions (2024) requirement for issuance of a detailed show-cause notice furnishing the basis for fraud classification. The petitioner, a promoter/controller of the corporate borrower, was held liable for acts and omissions of the company; non-executive directors' roles were distinguished and exonerated. Absent any procedural infirmity or breach of natural-justice norms, the challenge to the fraud classification and reporting was rejected.
The HC dismissed the petition and upheld the Respondent-Bank's June 13, 2025 order classifying the petitioner's account as "fraud" and reporting the petitioner to the regulator. The court found the impugned order to be reasoned, complied with the doctrine of audi alteram partem and the Master Directions (2024) requirement for issuance of a detailed show-cause notice furnishing the basis for fraud classification. The petitioner, a promoter/controller of the corporate borrower, was held liable for acts and omissions of the company; non-executive directors' roles were distinguished and exonerated. Absent any procedural infirmity or breach of natural-justice norms, the challenge to the fraud classification and reporting was rejected.
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