“Recovery Agent Operates as a Group of Goons”: SC to Bank Recovery Agents for Not Returning Vehicle After Loan Settlement

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.