Bombay HC restricts Canara Bank from including Tax Lawyer’s name in CIBIL List of ‘Wilful Defaulters’

The Bombay High Court ruled in favor of a tax lawyer, preventing Canara Bank from listing his name in the CIBIL (Credit Information Bureau India Limited) database of willful defaulters. The tax lawyer had contested that his financial liabilities were not willful, and the bank had incorrectly included his name in the defaulter list. The court found that the bank had not provided adequate evidence to substantiate the claim of willful default, and the decision to list the individual in the defaulter's database was premature and unjustified. This ruling emphasizes the need for careful scrutiny before labeling an individual as a willful defaulter.