https://www.taxtmi.com/caselaws?id=435819 The rule of audi alteram partem is read into the Master Directions on Frauds before a borrower's account is classified as fraud, because such classification entails grave civil consequences. Prior notice, disclosure of the material relied upon, a meaningful opportunity to respond to forensic audit findings, and a reasoned order are required unless excluded expressly or by necessary implication. Mere participation in the forensic audit does not satisfy fairness. The directions' silence on hearing and their time-frame leave room for a pre-decisional opportunity, and the absence of reasons renders the classification vulnerable to challenge. en-us Mon, 27 Mar 2023 00:00:00 +0530 Thu, 11 Jan 2024 10:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435819 The rule of audi alteram partem is read into the Master Directions on Frauds before a borrower's account is classified as fraud, because such classification entails grave civil consequences. Prior notice, disclosure of the material relied upon, a meaningful opportunity to respond to forensic audit findings, and a reasoned order are required unless excluded expressly or by necessary implication. Mere participation in the forensic audit does not satisfy fairness. The directions' silence on hearing and their time-frame leave room for a pre-decisional opportunity, and the absence of reasons renders the classification vulnerable to challenge. Case-Laws Indian Laws Mon, 27 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435819