https://www.taxtmi.com/caselaws?id=450616 Bombay HC ruled in favor of petitioner challenging wilful defaulter declaration by Union Bank. Court held that bank's refusal to provide supporting material violated natural justice principles and constitutional protections. HC emphasized that in proceedings with serious civil consequences, noticee must receive detailed notice enabling proper defense. Union Bank was directed to make proper disclosure of materials underlying the show cause notice, allowing petitioner to submit fresh reply. Bank permitted to withdraw final order dated February 28, 2023 and draft order dated August 5, 2022. All agencies were ordered to remove petitioner's identification as wilful defaulter from public information resources. en-us Mon, 04 Mar 2024 00:00:00 +0530 Sat, 09 Mar 2024 07:36:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=450616 Bombay HC ruled in favor of petitioner challenging wilful defaulter declaration by Union Bank. Court held that bank's refusal to provide supporting material violated natural justice principles and constitutional protections. HC emphasized that in proceedings with serious civil consequences, noticee must receive detailed notice enabling proper defense. Union Bank was directed to make proper disclosure of materials underlying the show cause notice, allowing petitioner to submit fresh reply. Bank permitted to withdraw final order dated February 28, 2023 and draft order dated August 5, 2022. All agencies were ordered to remove petitioner's identification as wilful defaulter from public information resources. Case-Laws Indian Laws Mon, 04 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=450616