Alerts & Updates 11th Apr 2026

Fraud Classification vs. Wilful Default: Evolution of Law and Scope of Natural Justice in Banking Regulation

Authors

Mukesh ChandSenior Counsel | Mumbai

Latest Thought Leadership

Investment Funds
Alerts & Updates 7th Jul 2026

Handling of Client’s Unpaid Securities by Trading Members Clearing Members

Read More
Investment Funds
Alerts & Updates 7th Jul 2026

Regulation of IPOs by SEBI and IFSCA – A Comparison

Read More
Newsletter/Booklets 7th Jul 2026

Market Matters – The Antitrust Brief – June 2026

Read More
Investment Funds
Alerts & Updates 3rd Jul 2026

SEBI proposes to replace “associate” with “related party” for identifying conflicted transactions in the AIF Regulations

Read More

The regulatory landscape around wilful defaulters and fraud classification has undergone a significant transformation, moving from a purely bank-driven enforcement mechanism to a framework anchored in fairness, transparency and due process. With recent Supreme Court rulings, including State Bank of India v. Amit Iron Private Limited & Ors., the emphasis is now clear, while protecting the financial system remains critical, procedural safeguards cannot be compromised.

This write up captures the evolution of both regimes and how judicial intervention is reshaping the balance between credit discipline and borrower rights.

Read the full update here.

Privacy Policy

As per the rules of the Bar Council of India, lawyers and law firms are not permitted to solicit work or advertise. By clicking on the "I Agree" button, you acknowledge and confirm that you are seeking information relating to Economic Laws Practice (ELP) of your own accord and there has been no advertisement, personal communication, solicitation, invitation or any other inducement of any sort whatsoever by or on behalf of ELP or any of its members to solicit any work through this website.