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raja (business)     02 February 2009

chairman as a party.

dear sir, branch manager has wrongly informed party as a willful defaulter to other govt offices. as per rbi guidelines bank has to follow certain guidelines before declaring willful defaulter. chairman and senior bankmanagers has to approve it in a meeting considering borrowers objection.party  is filing criminal case agaist br.manager.can chairman be added as party?


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 2 Replies

ARVIND JAIN (Advocate)     14 February 2009

CHAIRMAN CAN ALSO BE IMPLEADED AS A PARTY.

PALNITKAR V.V. (Lawyer)     17 February 2009

If the chairman has to give approval, then the chairman would also be liable.


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