Himachal Pradesh High Court Quashes BNSS Notice Seeking Pledged Gold From Finance Company

The Himachal Pradesh High Court quashed a police notice requiring a non-banking finance company to produce gold jewellery pledged as security for a loan.

Background and legal issue

Investigators believed the pledged ornaments might be stolen and relied on Section 94 BNSS to demand their production from Bajaj Finance. The company challenged that route for compelling delivery of property held as security.

Court's reasoning and legal position

Justice Sandeep Sharma held that investigators should seek appropriate judicial directions under Sections 106 and 107 BNSS rather than treating Section 94 as sufficient authority for the disputed demand.

Operative effect and next step

The notice was set aside. Investigators may pursue the prescribed court-supervised process, and the judgment does not resolve the underlying allegation that the jewellery was stolen.