Case Law: Responsibility of Independent Director for Defaults of Company

CS Divesh Goyal , Last updated: 07 April 2025  
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SHORT SUMMARY The case of V. Selvaraj v. Reserve Bank of India (2020) is a landmark judgment that addresses the classification of Independent Directors as 'wilful defaulters' by banks. The judgment reaffirms the principle that liability must be assessed based on the actual role and responsibilities

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Published by

CS Divesh Goyal
(Practicing Compnay Secretary)
Category Corporate Law   Report

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