Case Law Analysis
|Calcutta High Court
RBI Directions 2025 | Mere Guarantee Invocation Without Asset Diversion or Disposal Insufficient for Wilful Default Classification : Calcutta HC
Calcutta High Court sets aside RBI's wilful defaulter notice against BSCPL, ruling that invocation of a corporate guarantee alone-without proof of fund siphoning, asset disposal, or repayment capacity-does not meet the statutory threshold under RBI's 2025 Directions. The judgment reinforces natural justice safeguards for guarantors facing regulatory action.