Non-Communication Leads to Lapse of SCN Transferred to Call Book

ICICI Home Finance Company Ltd. Vs Union of India (Bombay High Court)

Non communication to petitioner about show cause notice being transferred to call book and being kept in abeyance would render the show cause notice to have lapsed

In the case of ICICI Home Finance Company Ltd. v. Union of India, decided by the Bombay High Court, the central issue revolved around the validity of show cause notices (SCNs) dated 22nd October 2010 and 21st October 2011 issued to the petitioner, ICICI Home Finance Company Ltd. (hereafter “the petitioner”). These notices per

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