Stay informed about the latest case laws on Company Law with this comprehensive overview as we delve into the latest cases reported in the Company Cases (Comp Cas), focusing on critical issues such as Banking business, Wilful Default, Resolution plan, Winding up and Liquidation, Corporate Insolvency and Recovery of debts.
(2025) 251 Comp Cas
Debt, financial and monetary laws — Banks — Banking business — Wilful default by customer — Declaration as wilful defaulter — Company committing default on debt — Show-cause notice issued to whole-time director of company by bank — Despite multiple requests bank not supplying material to director to substantiate his role to declare as wilful defaulter — Draft order of bank not…