2019 (9) TMI 1630

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....etitioners assail a decision dated August 31, 2018 and October 10, 2018 passed by the respondents Bank under the provisions of the Master Circular on Wilful Defaulters dated July 1, 2015. 2. Learned Advocate appearing on behalf of the petitioners submits that, the petitioners were not forwarded with a copy of the resolution taken by the Identification Committee at the first stage, therefore, the ....

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....e is no infirmity in the impugned decision. He refers to the prayers made in the writ petition and submits that, the validity of the decisions taken by the Identification Committee are not under challenge. 4. Atlantic Projects Limited (supra) is of the view that the decision of the Identification Committee taken under the Master Circular on Wilful Defaulters dated July 1, 2015 must be communicate....

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....tification Committee by the Bank do not find place in the impugned show-cause notice. The impugned show-cause notice is the understanding of the another of the show-cause notice of the decision of the Identification Committee. Such understanding cannot substitute the decision of the Identification Committee in its original form nor the materials placed by the Bank before the Identification Committ....

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....esent case, the petitioner not being given a copy of the initial decision of the Identification Committee and such decision not being communicated to the petitioners, in my view, the principles of natural justice stands breached. 8. In such circumstances, all steps taken by the Bank under the Master Circular on Wilful Defaulters dated July 1, 2015 against the petitioners are quashed. 9. As noted....