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TMI Blog2017 (7) TMI 1279X X X X Extracts X X X X X X X X Extracts X X X X ..... that:- Rule 3 of the Master Circular of Reserve Bank of India on wilful defaulter prescribes a mechanism for the purpose of identification of the wilful defaulter. It contemplates two committees. The first committee is to work in terms of Rules 3(a) and 3(b), where the committee is required to issue a notice to the wilful defaulter to show cause and to consider such reply, if any. The second commi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n disposed off. - WP No.388 Of 2017 - - - Dated:- 18-7-2017 - Debangsu Basak, J. Mr.Sakya Sen, Mr.Aniruddha Mitra, Mr.Anirban Ghosh, Advocates For Petitioners. Mr.Shiv Chandra Prasad, Mr.Anuj Singh, Mr.Syed E Huda, For Respondent. The Court : The petitioners assail a writing dated April 13, 2017 issued by Standard Chartered Bank on the ground that the same has been issued wi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... by the Master Circular. Learned advocate appearing for the Bank submits that, the proper committee of the Bank did look into the accounts of the petitioners and had founded them to be liable for classification as wilful defaulter. Therefore, the Bank had directed one of its officers to intimate the petitioners as to whether the petitioners have any grievance with regard thereto or not. Therefor ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... It contemplates two committees. The first committee is to work in terms of Rules 3(a) and 3(b), where the committee is required to issue a notice to the wilful defaulter to show cause and to consider such reply, if any. The second committee deals with an appeal preferred against the order of the first committee. In the present case, nothing has been placed on record to suggest that, the commit ..... X X X X Extracts X X X X X X X X Extracts X X X X
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