Shubhangi Pandey.
2 July 2020 6:23 PM
The Calcutta High Court has passed an interim order restraining the Punjab National Bank from declaring a borrower as a "wilful defaulter'.
Noting that "the economic situation of the country owing to Covid 19 pandemic is uncertain", the Court held that in such situation, it is the "balance of convenience and inconvenience" which should be the "primary guiding factor" so far as the declaration of a person as "Wilful Defaulter" is concerned.
