Live Help
A new Generation of research begins with a new Research Platform. Try New
Want to know more
Enter the details and we'll call you soon

Name :

Company Name :

City :

Mobile No. :

Email id :


Thank you for your details

Our Executive will reach you shortly.

Your Session Will Expire in   seconds.
If you do not wish to log-out, choose 'Let me continue'
Reset SessionCancel Session

Declaring a person ‘fraud’ and ‘willful defaulter’ without giving a fair chance to explain is invalid

December 17, 2020[2020] 122 154 (Andhra Pradesh and Telangana)

FEMA, INSURANCE & BANKING : Declaring a person/company 'fraud' and 'wilful defaulter' without giving a fair chance to explain or challenge such finding is invalid, hence, principle of audi alteram partem, part of principles of natural justice is to be read in clauses 8.9.4 and 8.9.5 of RBI Master Circular , dated 1-7-2016, before any company or person is declared as fraudulent

read more
Best view in 1140 x 768