Delhi HC sets aside bank’s decision to declare account of Anmol Ambani’s firm fraudulent

Delhi HC sets aside bank’s decision to declare account of Anmol Ambani’s firm fraudulent https://www.taxtmi.com/news?id=65322 The bank's declaration of the company's account as fraudulent was quashed because no effective show cause notice was served; the notice had been sent to an address the company had vacated. The bank may issue a fresh show cause notice, but must supply all relevant documents with that notice so the company can respond before any new classification is made. en-us Fri, 19 Dec 2025 19:01:03 +0530 Fri, 19 Dec 2025 19:01:03 +0530 TaxTMI RSS Generator Delhi HC sets aside bank’s decision to declare account of Anmol Ambani’s firm fraudulent https://www.taxtmi.com/news?id=65322 The bank's declaration of the company's account as fraudulent was quashed because no effective show cause notice was served; the notice had been sent to an address the company had vacated. The bank may issue a fresh show cause notice, but must supply all relevant documents with that notice so the company can respond before any new classification is made. News - Fri, 19 Dec 2025 19:01:03 +0530 https://www.taxtmi.com/news?id=65322