CJI B.R. Gavai advised law graduates not to fall for peer pressure or prestige linked to foreign LLMs, stating that a foreign degree is not a stamp of worth and loans shouldn’t become a lifelong burden.
Congress MLA Arif Masood has approached the Supreme Court following a Jabalpur High Court directive on an election petition by BJP’s Dhruv Narayan Singh. Singh alleges Masood concealed a loan in his nomination papers. The case, involving banking irregularities and potential election violations, has significant political implications for Masood and the Congress party in Madhya Pradesh.
In response to a Supreme Court ruling, banks are seeking clarification on loan sanctions against properties without completion and occupancy certificates. This impacts older and ancestral buildings as many lack these documents. The ruling complicates lending for properties under construction, prompting banks to explore legal options for compliance and clarity in their lending practices.
![[Inhumane Prison Conditions] ‘Last Person Matters Most’: SC On Freeing Eligible Female Undertrial Prisoners](https://i0.wp.com/lawchakra.in/wp-content/uploads/2024/10/image-17-2.png?resize=447%2C367&ssl=1)
The Supreme Court temporarily halted the auction of Dalit farmer Sukhram’s land over an unpaid loan of Rs 7,397, which remained after his death in 2000. Sukhram’s son challenged the auction, asserting legal actions cannot be taken against deceased individuals. The court issued notices and maintained status quo, offering interim relief.
The Supreme Court condemned a bank’s recovery agent firm as a “group of goons” for not returning a vehicle seized from a man despite a one-time loan settlement. The court ordered the West Bengal Police to file a charge sheet against the company within two months and directed compensation be paid to the man. The recovery agent eventually returned the damaged vehicle.
The Supreme Court overturned the default bail granted to DHFL promoters Kapil Wadhawan and Dheeraj Wadhawan in a multi-crore loan scam case. The decision, following an appeal by the CBI, clarifies the statutory right of default bail and marks a significant development in the ongoing legal proceedings. The full judgment is awaited. (Word count: 50)
