Rajkumar Sukhdevsinhji & Anr. v. Idbi Bank
Case brief
What is this about?
Fraud classification; show-cause notice; RBI Master Directions; principles of natural justice; non-supply of Forensic Audit Report; inspection of bank records; IDBI Bank; status quo against fraud declaration; disposal in terms of Gautam Malhotra v. IDBI Bank Limited (W.P.(C) 11519/2024); reply to SCN timeline; Delhi High Court; W.P.(C) 9298/2024; CM APPL. 22447/2025; Vikas Mahan, J.; decided 13.05.2025; contentions left open; consent disposal.
What did the court decide?
Writ petition and pending application disposed of in terms of the coordinate bench order in Gautam Malhotra v. IDBI Bank Limited with directions: (i) SCN dated 19.06.2024 to stand but IDBI Bank to maintain status quo and not classify the petitioner's account as 'fraud'; (ii) petitioner permitted to inspect relevant record on 16.06.2025, 17.06.2025 and if need be 20.06.2025 at IDBI Bank Ltd., NBCC Office Complex, East Kidwai Nagar, New Delhi; (iii) petitioner may be accompanied by Chartered Accountant/financial expert to be supplied copies of forensic audit reports; (iv) reply to SCN to be filed within 14 days, on or before 04.07.2025; (v) bank to afford hearing and decide in accordance with law within 21 days of the reply; all contentions left open.