9911796707
TMI Blog2022 (1) TMI 1444X X X X Extracts X X X X X X X X Extracts X X X X ..... A HIGH COURT] has proceeded on the basis that the effect of the interim order is that the endeavour of the High Court to read the principles of personal hearing into the circular have been stayed - etitioners company s account declared as fraud - HELD THAT:- In view of the mandates stated to be existing in para 8.9.5 of the Master Circular dated 01.07.2016 [Annexure P/5] categorized as Reserve Ban ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... de the following 1. Applications for exemption from filing c/c of the impugned judgment and permission to file additional documents/facts/annexures are allowed. 2. Learned senior counsel for the petitioner contends that in terms of the impugned judgment it has been noticed that a coordinate Bench of the High court had in case of Rajesh Agarwal v. Reserve Bank of India [2021(2) ALD 290] read the pr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the only Forensic Audit Report. The conclusion arrived at is we find no divergence of funds of fraud being intentionally carried out by the management . His submission is that no finding of fraud has been reached by the Forensic Audit Committee and the High Court has thereafter, in para 24 extracted from other portions of that very report to come to an opinion that the petitioners company s accou ..... X X X X Extracts X X X X X X X X Extracts X X X X
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