10 months, 2 weeks ago

[IBC] Party Must Be Provided With All Requisite Documents That Form Basis Of Show Cause Notice: Delhi High Court

The Delhi High Court bench of Justice Mini Pushkarna held that the concerned party must be provided with all requisite documents that form the basis of Show Cause Notices by the banks. The Petitioner approached the Delhi High Court seeking the quashing and setting aside of Show Cause Notices issued by several respondent banks, which declared the account of M/s Educomp Solution Limited as 'Fraud'. The High Court emphasized that the principles of fair procedure and natural justice necessitate that the documents forming the basis of an SCN must be provided to the concerned party. Therefore, the High Court directed that the Petitioner will be allowed to inspect the company's records available with the lead bank, SBI.

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Court Records Show Cause Notice Bank Documents High Banks Sbi Petitioner Ibc Scns
Quashing Of Show Cause Notice On One Issue Doesn't Mean Other Demands Are Not Liable To Be Adjudicated: Delhi High Court
1 month, 3 weeks ago

Quashing Of Show Cause Notice On One Issue Doesn't Mean Other Demands Are Not Liable To Be Adjudicated: Delhi High Court

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Court
SCN Did Not Indicate Specific Allegation Of Non-Compliance Of Statutory Provision In Invoice: Delhi High Court Quashes SCN And Restores GST Registration
7 months, 3 weeks ago

SCN Did Not Indicate Specific Allegation Of Non-Compliance Of Statutory Provision In Invoice: Delhi High Court Quashes SCN And Restores GST Registration

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High Court
Non-Communication Of SCN To Call Book Is Fatal; Bombay High Court Quashes SCNs Against ICICI Home Finance
9 months, 3 weeks ago

Non-Communication Of SCN To Call Book Is Fatal; Bombay High Court Quashes SCNs Against ICICI Home Finance

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Court
Supplementary SCN Although Termed As Supplementary, Is Actually Independent SCN Even Though It Relates To Smuggling: Calcutta High Court
1 year, 1 month ago

Supplementary SCN Although Termed As Supplementary, Is Actually Independent SCN Even Though It Relates To Smuggling: Calcutta High Court

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Customs
Lender Banks Required To Provide Audit Reports To Borrowers & Allow Representation Before Classifying Accounts As Fraud: Gujarat High Court
1 year, 1 month ago

Lender Banks Required To Provide Audit Reports To Borrowers & Allow Representation Before Classifying Accounts As Fraud: Gujarat High Court

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Fraud
Delhi High Court Calls For Meeting To Ensure Banks Follow SOP On Providing Info About Fraudulent Transactions To Law Enforcement Agencies
1 year, 2 months ago

Delhi High Court Calls For Meeting To Ensure Banks Follow SOP On Providing Info About Fraudulent Transactions To Law Enforcement Agencies

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Law
Delhi High Court Quashes SCN For Being Devoid Of Reasons, Restores GST Registration
1 year, 9 months ago

Delhi High Court Quashes SCN For Being Devoid Of Reasons, Restores GST Registration

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Registration
Show Cause Notice Bereft Any Specific Allegation, Delhi High Court Quashes GST Registration Suspension Order
1 year, 10 months ago

Show Cause Notice Bereft Any Specific Allegation, Delhi High Court Quashes GST Registration Suspension Order

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Delhi
Bank Customers Have No Way Of Contacting Officials Who Send Emails, Accountability Required: Delhi High Court
2 years, 1 month ago

Bank Customers Have No Way Of Contacting Officials Who Send Emails, Accountability Required: Delhi High Court

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Court
Preventing Docket Explosion - Pre-SCN Consultation Should Be Held : Delhi High Court
2 years, 6 months ago

Preventing Docket Explosion - Pre-SCN Consultation Should Be Held : Delhi High Court

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Court
Show Cause Notice And Reassessment Order Based On Distinct And Separate Grounds, No Details Of Bogus Purchases Were Given: Delhi High Court Quashes The Order.
2 years, 8 months ago

Show Cause Notice And Reassessment Order Based On Distinct And Separate Grounds, No Details Of Bogus Purchases Were Given: Delhi High Court Quashes The Order.

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Order
Delhi High Court Grants Bail To Person Accused Of Fraudulently Claiming ITC
2 years, 11 months ago

Delhi High Court Grants Bail To Person Accused Of Fraudulently Claiming ITC

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Court
SC dismisses PIL seeking probe in to Delhi Lower Judiciary Laptop Scam [UPDATED]
9 years, 9 months ago

SC dismisses PIL seeking probe in to Delhi Lower Judiciary Laptop Scam [UPDATED]

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India
Delhi High Court Upholds Validity Of Section 132(4) Of Companies Act And National Financial Reporting Authority Rules
12 years, 2 months ago

Delhi High Court Upholds Validity Of Section 132(4) Of Companies Act And National Financial Reporting Authority Rules

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Court

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