Banks should pass reasoned orders while declaring entity defaulter: HC
Banks should pass reasoned orders while declaring entity defaulter: HC
Representative image | Illustration: AJAY MOHANTY The Bombay High Court has said banks and financial institutions should pass reasoned orders before declaring an entity or person a wilful defaulter under the Reserve Bank of India’s Master Circular. A division bench of Justices B P Colabawalla and Somasekhar Sundaresan, in its order on March [...]
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