https://www.taxtmi.com/caselaws?id=767667 The Delhi HC dismissed a Letters Patent Appeal regarding the application of audi alteram partem principles in RBI fraud classification proceedings. The court held that borrowers are entitled to personal hearing rights, not merely written representations, when banks classify their accounts as fraudulent under RBI Directions. Following SC precedent in an anonymized case, the court emphasized that fraud classification carries civil consequences requiring full natural justice compliance, including opportunity for personal hearing before final classification. The single judge's direction mandating personal hearings was upheld as warranting no interference. en-us Wed, 19 Feb 2025 00:00:00 +0530 Sat, 22 Mar 2025 08:34:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767667 The Delhi HC dismissed a Letters Patent Appeal regarding the application of audi alteram partem principles in RBI fraud classification proceedings. The court held that borrowers are entitled to personal hearing rights, not merely written representations, when banks classify their accounts as fraudulent under RBI Directions. Following SC precedent in an anonymized case, the court emphasized that fraud classification carries civil consequences requiring full natural justice compliance, including opportunity for personal hearing before final classification. The single judge's direction mandating personal hearings was upheld as warranting no interference. Case-Laws Indian Laws Wed, 19 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767667