The Calcutta High Court ruled that repossessing a loan-funded vehicle after repeated EMI defaults is not theft and quashed the criminal case against a bank agent. The court held that taking back a car after default is lawful.
The Calcutta High Court ruled that repossessing a loan-funded vehicle after repeated EMI defaults is not theft and quashed the criminal case against a bank agent. The court held that taking back a car after default is lawful.