Supreme Court · [2026] 10 S.C.R. 132 · Decided 16 September 2026
Hari Dutta Sharma v. State of U.P. & ORS.
- Court
- Supreme Court of India
- Citation
- [2026] 10 S.C.R. 132
- Case number
- CIVIL APPEAL No. 12950/2026
- Decided
- 16 September 2026
- Bench
- ALOK ARADHE, PAMIDIGHANTAM SRI NARASIMHA (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Contract Act
Headnote
Whether the action of the financier Company in repossessing the vehicle of the appellant and selling the same is in contravention of the RBI Guidelines and the Art.11 of the Loan Agreement and thus, unauthorised and arbitrary; whether the order passed by the High petition filed by the appellant ought to be set aside. Directions by Supreme Court - Banking Regulation Act, 1949 - s.35 - Guidelines/Master Circulars/Clarifications issued by RBI to NBFCs and Scheduled Commercial Banks on recovery practices -
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