https://www.taxtmi.com/news?id=64160 The core issue is whether an oral personal hearing is required for account holders declared fraudulent under the RBI Master Directions, 2017. Banks contend the Directions envisage backend due diligence, issuance of show cause notices, and written opportunities to respond, and that mandating personal hearings would prejudice banks and impair regulatory integrity given the scale of fraud. Account holders counter that written responses alone may not satisfy natural justice and prevent adequate presentation of their case. en-us Tue, 09 Dec 2025 20:31:03 +0530 Tue, 09 Dec 2025 20:31:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=64160 The core issue is whether an oral personal hearing is required for account holders declared fraudulent under the RBI Master Directions, 2017. Banks contend the Directions envisage backend due diligence, issuance of show cause notices, and written opportunities to respond, and that mandating personal hearings would prejudice banks and impair regulatory integrity given the scale of fraud. Account holders counter that written responses alone may not satisfy natural justice and prevent adequate presentation of their case. News - Tue, 09 Dec 2025 20:31:03 +0530 https://www.taxtmi.com/news?id=64160