High Court of Judicature at Bombay Considers Writ Petition Challenging Fraud Classification Order Under RBI Master Directions During Insolvency Resolution Process. Company's Account Declared Fraud After Red Flagging Based on Transaction Audit Report; Petitioners, Erstwhile Directors, Alleged Violation of Natural Justice and Unreasoned Order.
6 Aug 2026The Writ Petition challenged a Show Cause Notice dated 6th September 2025 and an Order dated 16th October 2025 passed by Respondent No.1 Bank declarin...




