Bombay High Court Quashes Bank Of India Order Classifying Naresh Goyal's Loan Account As 'Fraud'

Narsi Benwal

30 Sept 2025 9:23 PM IST

  • Bombay High Court Quashes Bank Of India Order Classifying Naresh Goyals Loan Account As Fraud

    The Bombay High Court recently quashed and set aside a show cause notice issued to Jet Airway's founder Naresh Goyal, by which the Bank of India (BoI) classified his loan account as 'fraud.'A division bench of Justices Riyaz Chagla and Farhan Dubash noted that the Bank did not provide an opportunity to Goyal to represent against the July 1, 2025 show cause notice classifying his account...

    Narsi Benwal

    Narsi Benwal

    Narsi Benwal is a Special Correspondent with Live Law covering Bombay High Court and also the Trial Courts across Maharashtra

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