Financial institutions can't forcibly seize vehicles from loan defaulters through recovery agents, goons: Patna High Court

The Court said that the financial institutions, while seeking their private power to recover the loan by repossessing the vehicle, can exercise their rights only within constitutional limitations.
Patna High Court
Patna High Court

The Patna High Court recently held that the bank and financial institutions cannot forcibly re-possess vehicles from loan defaulters through recovery agents/goons and such acts would be in violation of law [Dhananjay & Ors v UOI v Ors]

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