The petitioner, Monoranjan Roy, filed a writ petition challenging a Show Cause Notice (SCN) issued by Union Bank of India on 13th October, 2025. The SCN directed the petitioner to show cause why his account should not be categorized as fraud, based on a Forensic Audit report dated 26th May, 2025. The petitioner, a director of M/s. Pincon Spirit Limited (PSL), argued that the Forensic Audit report was incomplete, non-conclusive, and prepared for a specific purpose, thus its use as a basis for the SCN violated principles of natural justice. He also highlighted that PSL's offices and production units were sealed and stocks seized by the Directorate of Economic Offences (DEO) in 2017-2018, and that the NCLT had previously ordered the de-attachment of PSL's property,
…The petitioner filed a writ petition challenging a Show Cause Notice dated 13th October, 2025, issued by the Union Bank of India.
The Show Cause Notice directed the petitioner to show cause within 21 days why his account should not be categorized and reported as fraud as per RBI Guidelines.
The Show Cause Notice was issued based on a Forensic Audit report dated 26th May, 2025, conducted by R. Dokania and Company.
The Forensic Audit report stated it was prepared solely for providing selected confidential information and should not be used for any other purpose without consent.
The petitioner submitted a detailed reply to the Show Cause Notice on 15th October, 2025.
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The petitioner, Monoranjan Roy, filed a writ petition challenging a Show Cause Notice (SCN) issued by Union Bank of India on 13th October, 2025. The SCN directed the petitioner to show cause why his account should not be categorized as fraud, based on a Forensic Audit report dated 26th May, 2025. The petitioner, a director of M/s. Pincon Spirit Limited (PSL), argued that the Forensic Audit report was incomplete, non-conclusive, and prepared for a specific purpose, thus its use as a basis for the SCN violated principles of natural justice. He also highlighted that PSL's offices and production units were sealed and stocks seized by the Directorate of Economic Offences (DEO) in 2017-2018, and that the NCLT had previously ordered the de-attachment of PSL's property,
…The petitioner filed a writ petition challenging a Show Cause Notice dated 13th October, 2025, issued by the Union Bank of India.
The Show Cause Notice directed the petitioner to show cause within 21 days why his account should not be categorized and reported as fraud as per RBI Guidelines.
The Show Cause Notice was issued based on a Forensic Audit report dated 26th May, 2025, conducted by R. Dokania and Company.
The Forensic Audit report stated it was prepared solely for providing selected confidential information and should not be used for any other purpose without consent.
The petitioner submitted a detailed reply to the Show Cause Notice on 15th October, 2025.
…Beginning of the financial year for which…
Petitioner and other…