Bombay High Court Quashes Wilful Defaulter Declaration Against Former Director
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Bombay High Court Quashes Wilful Defaulter Declaration Against Former Director, Holds Fundamental Rights Under Articles 19(1)(g) and 21 Enforceable Against IDBI Bank Despite Its Private Status, Given the Significant Civil Consequences of Being Declared a Wilful Defaulter

The Bombay High Court quashed the orders declaring the petitioner, Ankit Bhuwalka, a "wilful defaulter." The court held that the proceedings against him suffered from procedural infirmities and violated the…