Delhi HC remanded matter back as an order passed by committee was devoid of reasons

FEMA, BANKING amp; INSURANCE : Where Default Identification Committee of bank declared borrower company and its directors as wilful defaulters and same was confirmed by review committee, since decision of both committees was devoid of reasons, in as much representation of borrower company and directors had not been dealt with at all, decision of both committees was to be set asideFEMA, BANKING amp; INSURANCE : Where Default Identification Committee of bank declared borrower company and its directors as wilful defaulters and same was confirmed by review committee, since decision of both committees was devoid of reasons, in as much representation of borrower company and directors had not been dealt with at all, decision of both committees was to be set asidewww.taxmann.com Latest Case LawsRead More

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