AdvertisementShri Gunwant s/o Sudamrao Deopare Vs Branch Manager (Bombay High Court) The Bombay High Court allowed the writ petition filed by Shri Gunwant s/o Sudamrao Deopare and another challenging the action of Bank of Maharashtra declaring them as wilful defaulters under the Reserve Bank of India’s Master Circular on Wilful Defaulters. The petitioners had availed multiple agricultural term loans, term loans and agricultural cash credit facilities from the respondent bank. After issuing a show cause notice dated 12 April 2019 alleging wilful default, the bank received detailed replies from the pet...