https://www.taxtmi.com/caselaws?id=301241 A borrower cannot be branded a wilful defaulter unless the bank strictly complies with the RBI Master Circular and records a reasoned, evidence-based finding showing conduct beyond mere non-payment, such as deliberate default or diversion of funds. Where the screening committee's decision is unsupported by proper material and the reasons communicated only reflect outstanding dues, the subsequent grievance process cannot cure the defect. The impugned classification was therefore set aside, with liberty to restart the process in accordance with law and the Master Circular. en-us Thu, 03 Oct 2013 00:00:00 +0530 Tue, 22 Mar 2022 10:32:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301241 A borrower cannot be branded a wilful defaulter unless the bank strictly complies with the RBI Master Circular and records a reasoned, evidence-based finding showing conduct beyond mere non-payment, such as deliberate default or diversion of funds. Where the screening committee's decision is unsupported by proper material and the reasons communicated only reflect outstanding dues, the subsequent grievance process cannot cure the defect. The impugned classification was therefore set aside, with liberty to restart the process in accordance with law and the Master Circular. Case-Laws Indian Laws Thu, 03 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301241