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'Banks cannot forcibly take possession of loan-default vehicles using musclemen'
Updated On: 24 May, 2023 05:34 PM IST | Patna | PTI
Justice Rajeev Ranjan Prasad, while disposing of a batch of writ petitions, said the rights of the banks and the finance companies must be exercised within the constitutional limitations and in accordance with the law
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Image used for representational purpose. Pic/iStock
The Patna High Court has held that forcibly taking away vehicles from owners by musclemen engaged by financial institutions and banks for defaulting on loans is violation of the fundamental right to life and livelihood.
Justice Rajeev Ranjan Prasad, while disposing of a batch of writ petitions, said the rights of the banks and the finance companies must be exercised within the constitutional limitations and in accordance with the law.
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