https://www.taxtmi.com/caselaws?id=282474 A show-cause notice under the Master Circular on wilful defaulters must be issued by the designated Committee after it examines the evidence and forms the requisite opinion; that function cannot be delegated to a Regional Manager or other officer. The Circular prescribed a mandatory sequence in which the Committee alone could determine whether wilful default was made out, issue notice, consider the reply, and pass a reasoned order. A bank policy inconsistent with that mechanism could not override the Circular. On that basis, the notice was held without jurisdiction and quashed, while the bank was left free to proceed only in accordance with the Master Circular and the law. en-us Tue, 05 Feb 2019 00:00:00 +0530 Thu, 08 Aug 2019 21:21:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282474 A show-cause notice under the Master Circular on wilful defaulters must be issued by the designated Committee after it examines the evidence and forms the requisite opinion; that function cannot be delegated to a Regional Manager or other officer. The Circular prescribed a mandatory sequence in which the Committee alone could determine whether wilful default was made out, issue notice, consider the reply, and pass a reasoned order. A bank policy inconsistent with that mechanism could not override the Circular. On that basis, the notice was held without jurisdiction and quashed, while the bank was left free to proceed only in accordance with the Master Circular and the law. Case-Laws Indian Laws Tue, 05 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282474