https://www.taxtmi.com/caselaws?id=397083 A wilful defaulter declaration affecting civil and commercial rights must follow the RBI Master Circular procedure: the first committee must issue notice, consider the borrower's response, record a reasoned decision, and communicate that decision before a separate review committee considers any further representation. The Delhi HC found that the impugned communication was not a speaking order, the first committee's order had not been communicated, and the petitioners were denied an effective opportunity before the review committee. Non-compliance with this mandatory sequence offended fair hearing requirements, so the wilful defaulter declaration and consequential reporting and publication actions were held unsustainable and set aside. en-us Wed, 29 Jul 2020 00:00:00 +0530 Mon, 03 Aug 2020 14:27:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397083 A wilful defaulter declaration affecting civil and commercial rights must follow the RBI Master Circular procedure: the first committee must issue notice, consider the borrower's response, record a reasoned decision, and communicate that decision before a separate review committee considers any further representation. The Delhi HC found that the impugned communication was not a speaking order, the first committee's order had not been communicated, and the petitioners were denied an effective opportunity before the review committee. Non-compliance with this mandatory sequence offended fair hearing requirements, so the wilful defaulter declaration and consequential reporting and publication actions were held unsustainable and set aside. Case-Laws Indian Laws Wed, 29 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397083