Allowed
Apple Sponge and Power Ltd. v. Punjab National Bank
Delhi HCW.P.(C)/5461/2018
Case brief
AI extract
What is this about?
The High Court set aside the impugned order declaring the petitioner as a wilful defaulter due to lack of recorded reasons. The court directed the bank to grant a personal hearing and pass a speaking order within eight weeks.
What did the court decide?
Set aside the order declaring petitioner as a wilful defaulter; directed to provide personal hearing and pass speaking order within eight weeks.