HIGH COURT OF MADRAS
S.M. SUBRAMANIAM, J
STATE BANK OF INDIA – Appellant
Versus
SHANKAR VARADHARAJAN – Respondent
C O M M O N J U D G M E N T
(Judgment of the Court was made by S.M.SUBRAMANIAM, J.)
The writ order dated 29.08.2019 passed in W.P.Nos.13699, 21416 & 16254 of 2019 is sought to be assailed in the present intra-court appeal. 2. The initial question raised before this Court is whether the decision of the Hon'ble Supreme Court in State Bank of India Vs. Jah Developers Case reported in 2019 (6) SCC 787 would have prospective or retrospective application in respect of the cases for declaration of willful defaulter prior to the pronouncement of the Judgment.
3. The second question raised by the respondent would be that a copy of the order passed by the Identification Committee and the Review Committee have not been served on the respondents, which is in violative of the Reserve Bank Master Guidelines and in violation of the Rules of natural justice.
4. Mr.M.L.Ganesh, the learned Counsel appearing on behalf of the appellant/Bank would submit that Jah Developers case cited supra would have only prospective application and the principles have already been reiterated subsequently by the Hon'ble Apex Court. In support of his contention, in the case of P.V.George and Ors. Vs. State of Kerala and O
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