A lender’s right to repossess must run through a court or an arbitrator, the Allahabad High Court has held, ruling that finance firms cannot seize vehicles through recovery agents acting by force and ordering a borrower’s goods carrier to be returned. Prayagraj: A borrower who says he was stopped near Chandauli on August 9, 2026 […]
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.
