2018 (1) TMI 1488

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

..... 2. The petitioner No.1 is a company registered under the provisions of Companies Act, 1956. Petitioner No.2 is Director of petitioner No.1 company. Respondent No.1 is Government owned public sector bank viz. State Bank of India having its branches throughout the country. Respondent No.2 is a Committee constituted under the Circular of Reserve Bank of India (RBI) for the purposes of identifying ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ce dated 19.6.2017 proposing to declare petitioner No.1 as wilful defaulter. By the said showcause notice, petitioners have been given liberty to submit a representation before the respondent No.2 on the next date of hearing. 4. After receipt of the said show-cause notice, petitioners submitted a detailed representation requesting respondent No.3 to provide details of constitution of respondent N....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....r in person on 29.12.2017 at 3.00 pm. The petitioners did not appear before the Committee on the said date and the Committee issued another notice dated 1.1.2018 calling the petitioners to appear on 18.1.2018 to avail the opportunity. 6. The petitioners have filed the present petition before this Court seeking direction to the respondents to strictly comply with RBI Master Circular dated 1.7.2015....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....e show-cause notice to the petitioners. In response to the said show-cause notice, petitioners have demanded various documents as mentioned in Para 3.6 of their representation. In response to the representation, the Dy. General Manager vide letter dated 29.11.2017 has informed the petitioners that response to the notice under reference will be examined by the appropriate Committee in its meeting t....