Anil Doshi
‘A’ borrower who was defaulter and action u/s 101 of MCs act was initiated and part amount was waived and account was closed . Can he is eligible for applying for Directorship of same BANK within a year.
I C Naik
Such a person is disqualified to be appointed as a director by virtue being held a defaulter is debarred from becoming director for next full term of 5 years. Section 73A of MCS Act 1961