https://www.taxtmi.com/caselaws?id=423295 The court quashed the communications declaring the petitioners as wilful defaulters due to non-compliance with the RBI Master Circular and principles of natural justice. The bank was granted liberty to reconsider the case following proper procedures. The writ petition was allowed, providing relief to the petitioners from the impugned declarations. en-us Wed, 18 May 2022 00:00:00 +0530 Fri, 03 Jun 2022 13:00:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423295 The court quashed the communications declaring the petitioners as wilful defaulters due to non-compliance with the RBI Master Circular and principles of natural justice. The bank was granted liberty to reconsider the case following proper procedures. The writ petition was allowed, providing relief to the petitioners from the impugned declarations. Case-Laws Indian Laws Wed, 18 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423295