Bank uses recovery agents to seize borrower's vehicle over loan dispute, Uttarakhand high court says that's illegal
Uttarakhand High Court ruled banks cannot forcibly repossess vehicles via recovery agents without legal process. Justice Pankaj Purohit stated such actions violate constitutional rights and livelihood. The court found ICICI Bank's repossession of a commercial vehicle illegal, emphasizing due process over contractual clauses. The ruling mandates the vehicle's return, protecting borrowers' property rights.
Uttarakhand High Court ruled banks cannot forcibly repossess vehicles via recovery agents without legal process. Justice Pankaj Purohit stated such actions violate constitutional rights and livelihood. The court found ICICI Bank's repossession of a commercial vehicle illegal, emphasizing due process over contractual clauses. The ruling mandates the vehicle's return, protecting borrowers' property rights.
