Writ petition filed by bank against director of Co. who was yet to be classified as wilful defaulter was to dismissed

FEMA, BANKING amp; INSURANCE : Where director of company was proposed to be classified as a wilful defaulter by a Bank, in view of fact that Default Identification Committee of bank was yet to give a hearing to said director and reach a final decision and subsequent to decision of Identification Committee, petitioner would have an opportunity of making a representation to review committee, writ petition would failFEMA, BANKING amp; INSURANCE : Where director of company was proposed to be classified as a wilful defaulter by a Bank, in view of fact that Default Identification Committee of bank was yet to give a hearing to said director and reach a final decision and subsequent to decision of Identification Committee, petitioner would have an opportunity of making a representation to review committee, writ petition would failwww.taxmann.com Latest Case LawsRead More

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