https://www.taxtmi.com/highlights?id=86624 The HC quashed and set aside a show-cause notice issued by Bank of India based on a Forensic Audit Report (FAR) prepared by BDO India LLP, as the petitioner was not provided a copy of the report, violating principles of natural justice. The Bank was permitted to withdraw the impugned notice and all consequential proceedings/actions, with liberty to initiate fresh proceedings against the petitioner. The petitioner retains the right to raise all objections in response to any fresh show-cause notice, including challenging the partiality of the FAR. The Bank was directed to communicate the withdrawal to the petitioner within 72 hours. en-us Wed, 19 Mar 2025 06:45:28 +0530 Wed, 19 Mar 2025 06:45:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=86624 The HC quashed and set aside a show-cause notice issued by Bank of India based on a Forensic Audit Report (FAR) prepared by BDO India LLP, as the petitioner was not provided a copy of the report, violating principles of natural justice. The Bank was permitted to withdraw the impugned notice and all consequential proceedings/actions, with liberty to initiate fresh proceedings against the petitioner. The petitioner retains the right to raise all objections in response to any fresh show-cause notice, including challenging the partiality of the FAR. The Bank was directed to communicate the withdrawal to the petitioner within 72 hours. Highlights IBC Wed, 19 Mar 2025 06:45:28 +0530 https://www.taxtmi.com/highlights?id=86624