Prudeta
Prudeta
2026 INSC 323
📌 Paras 6-9
Two appeals arose from High Court judgments concerning the classification of loan accounts as 'fraud'. In the first case, a borrower's account was classified as fraud after a show cause notice and reply, leading to a High Court order mandating a personal hearing and supply of forensic audit reports. In the second case, after multiple show cause notices and replies regarding forensic audit findings, the borrower's account was classified as 'fraud', and the High Court quashed the order, directing a personal hearing and furnishing of audit reports. Both banks appealed these High Court decisions.
📌 Para 11
The core issues were whether the Supreme Court's decision in Rajesh Agarwal recognised a right to a personal/oral hearing
The bench further analyzed the constitutional validity of the impugned provisions and discussed the interpretation of Articles 14 and 21 in light of recent precedents...
Citing the ratio in prior decisions, the court held that the legislative intent was to ensure...
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