High Court Upholds Show-Cause Notice as Compliant with RBI Master Circular on Willful Defaulters, July 2014.

Willful defaulter under the RBI Master Circular dated July 1, 2014 or not - Since all the documents on which the respondents allegedly relied on have been disclosed in the respondents’ affidavit-in-opposition and disclosed in the present writ petition, there is nothing to prevent the petitioner from making a complete representation on all facets of the allegations of Willful Defaulter, including the question of validity of the show-cause notice. - The show cause notice in the present case was sufficient to pass muster, insofar as adherence to the RBI Master Circular is concerned - HC .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X