Student, National Law University, Delhi, India
Online published on 17 March, 2016.
There is significant ambiguity in the area of determination of Wilful defaulter in India. This article provides a detailed analysis of the RBI Master circulars on Wilful defaulters and discusses landmark cases which are imperative in understanding the scope of the issue.
Wilful Defaulter, RBI, Master Circular, Banking Law, Penal Implications
