Supreme Court · 2007 INSC 213 · Decided 26 February 2007
Manager, Icici Bank LTD . v. Prakash Kaur and ORS.
- Court
- Supreme Court of India
- Citation
- 2007 INSC 213 · [2007] 3 S.C.R. 253
- Case number
- CRIMINAL APPEAL No. 267/2007
- Decided
- 26 February 2007
- Bench
- AR. LAKSHMANAN, ALTAMAS KABIR (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Criminal
Headnote
B Banks/Banking: Recovery agents-Hiring of-For recovery of loan/possession of c vehicle-Held: (Altamas Kabir, J) : Practice of hiring recovery agents/ musclemen, deprecated--Banks must resort to procedure recognized by law to take possession of vehicles where borrower defaults in payment of J): Suggestions to Banks not to resort to goondas to take possession of vehicle by force-Disputes between customers and Banks- D Suggested to be referred to Lok Adalats. The respondent had obtained loan from ICICI Bank for purchase of " truck. She defaulted in payment of instalments and
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