Search Results for "defaulters"

194 result(s) found

Scroll Down To Discover

Found 194 result(s)

© Image Copyrights Juris Services & Technology

High Court of Karnataka Quashes Show Cause Notice for Willful Defaulter Declaration Due to Lack of Application of Mind — Bank Issued Notice Without Considering Petitioner's Reply or Providing Adequate Opportunity Under RBI Master Circular.

The petitioner, B.G. Chandrashekar, a borrower from Canara Bank, defaulted on a loan of Rs. 7,07,94,378/-. The bank initiated recovery proceedings und...

© Image Copyrights Juris Services & Technology

Bombay High Court Quashes Willful Defaulter Declaration Against Non-Executive Woman Director for Violation of Natural Justice. Show-Cause Notice Mandatory Under RBI Master Circular Before Declaring Non-Whole-Time Director as Willful Defaulter.

The petitioner, Manjula Bhatia, a non-executive woman director of PSL Limited, challenged the letter dated 16 July 2018 issued by Bank of Baroda decla...

© Image Copyrights Juris Services & Technology

Bombay High Court Allows Petition Challenging DJR's Order in Co-operative Society Dispute. DJR Exceeded Jurisdiction by Re-appreciating Evidence in Disqualification of Defaulting Directors Under Section 152 of Maharashtra Co-operative Societies Act, 1960.

The petitioner, Pravin Indarchand Jain, a member of Mahavir Nagari Sahakari Patpedhi Maryadit Chopda (Mahavir Society), filed complaints before the Di...

© Image Copyrights Juris Services & Technology

Bombay High Court Quashes Wilful Defaulter Declaration Against Directors Due to Violation of Natural Justice. Show-Cause Notice Not Served to Directors Individually, Only to Company, Rendering WDIC and Review Committee Orders Unsustainable.

The petitioners, who are directors of M/s. Universal Industrial Equipments and Technical Services Pvt. Ltd., challenged orders dated 07.12.2020 and 26...

© Image Copyrights Juris Services & Technology

Bombay High Court Quashes Bank's Wilful Defaulter Declaration for Violating Natural Justice. Show-cause notice lacking specific grounds renders the decision invalid under RBI Master Circular on Wilful Defaulters.

The petitioners, Nitin Shah, Rahul Shah, and Kunal Shah, who were directors of Nitin Fire Protection Industries Ltd. (the corporate debtor under CIRP)...