https://www.taxtmi.com/caselaws?id=380134 A borrower facing wilful defaulter classification has no automatic right to be represented by a lawyer before RBI in-house committees, because those bodies are administrative and not empowered to take evidence. At the same time, fairness requires the first-stage adverse decision to be promptly communicated, the borrower to be given 15 days to make a written representation to the review committee, and the review committee to pass a speaking order. Given the grave civil consequences of wilful default, including restrictions on finance and insolvency-related disqualifications, the procedure must be read in a fair and reasonable manner. en-us Wed, 08 May 2019 00:00:00 +0530 Fri, 28 Feb 2020 17:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380134 A borrower facing wilful defaulter classification has no automatic right to be represented by a lawyer before RBI in-house committees, because those bodies are administrative and not empowered to take evidence. At the same time, fairness requires the first-stage adverse decision to be promptly communicated, the borrower to be given 15 days to make a written representation to the review committee, and the review committee to pass a speaking order. Given the grave civil consequences of wilful default, including restrictions on finance and insolvency-related disqualifications, the procedure must be read in a fair and reasonable manner. Case-Laws Indian Laws Wed, 08 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380134