NCLAT: Consideration of Debt Restructuring by Lenders Doesn’t Bar Member from Initiating Proceedings  ||  Delhi High Court: In Matters of Medical Evaluation, Courts Should Exercise Restraint  ||  Delhi HC: Any Person in India Has Right to Legally Import Goods from Abroad and Sell the Same  ||  Delhi HC: Waiver to Section 12(5) of Arbitration Act to be Given Once Tribunal is Constituted  ||  Supreme Court Has Asked States to Regularise Existing Court Managers  ||  SC: Union & States to Create Special POSCO Courts on Top Priority  ||  SC Upholds Authority of CERC to Award Compensation for Delays  ||  SC: Arbitral Tribunal Has Discretion to Include in Sum Awarded, Interest at Rate as it Deems Reasonab  ||  SC: Cannot Use Article 142 to Frame Guidelines on Judicial Recusal  ||  SC: Satisfaction Recorder in One EP Won’t Affect Subsequent EPs for Future Breaches    

Bom. HC: Public Sector Banks Not Empowered to Issue Look Out Circulars Against Loan Defaulters - (27 Apr 2024)

BANKING

Bombay High Court has observed that Public Sector Banks are not authorized to issue look out circulars against loan defaulters. The power exercised by banks is a way to circumvent legal processes and also results in violation of Articles 14 and 21 of the Constitution of India.

Tags : BOMBAY HIGH COURT   PUBLIC SECTOR BANKS   LOOK OUT CIRCULARS   ARTICLE 14 OF COI   ARTICLE 21 OF COI  

Share :        

Disclaimer | Copyright 2025 - All Rights Reserved