Patna High Court Rules Against Forced Vehicle Seizures by Recovery Agents and Goons: Financial Institutions Restricted in Loan Default Cases

The Patna High Court has recently ruled that banks and financial institutions are prohibited from using forceful methods, such as employing recovery agents or goons, to repossess vehicles from borrowers who have defaulted on their loans. This verdict, delivered in the case of Dhananjay & Ors v UOI v Ors, Read more…