Identification of wilful defaulter without furnishing documents relied was to be remanded back for fresh consideration

FEMA, BANKING amp; INSURANCE : Where Committee for Identification of wilful defaulter of Bank by impugned order declared petitioner directors and guarantors of company as wilful defaulters and same was confirmed by review committee, in view of fact that said order was passed without furnishing documents relied on by both committees and without recording any reasons for coming to conclusion, committees violated principles of natural justice and, therefore,

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