Supreme Court · 2011 INSC 793 · Decided 14 November 2011
CITICORP. Maruti Finance LTD. v. S. Vijayalaxmi
- Court
- Supreme Court of India
- Citation
- 2011 INSC 793 · [2011] 14 S.C.R. 1050
- Case number
- CIVIL APPEAL No. 9711/2011
- Decided
- 14 November 2011
- Bench
- ALTAMAS KABIR, CYRIAC JOSEPH, S.S. NIJJAR (3-judge bench)
- Outcome
- Disposed off
- Case type
- Civil
- Acts & sections cited
- Consumer Protection Act
Headnote
HIRE PURCHASE AGREEMENT: Recovery process - C Forcible Possession of vehicles - Held: Even in case of mortgaged goods subject to Hire-Purchase Agreements, recovery process has to be in accordance with law - Till the time the ownership is not transferred to the purchaser, the to be the owner of the goods, but that does o not entitle him on the strength of the agreement to take back possession of the vehicle by use of force - The guidelines laid down by the Reserve Bank of India support and make a virtue of such conduct - If any action is taken for recovery in
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