Supreme Court : Banks Not Liable for Borrowers Misconduct

The Supreme Court overturned an NGT order, absolving banks from liability for illegal activities carried out by borrowers on mortgaged premises. The Court emphasized that the onus for such misconduct lies with the borrower, granting the bank permission to transfer the property and advised the NGT to exercise prudence in attributing accountability to financial institutions.

Allahabad High Court Stays Akbar Nagar Demolition, Cites Livelihood Rights

In a landmark decision, the Allahabad High Court has put a temporary halt to the demolition drive in Lucknow’s Akbar Nagar I and II, emphasizing the constitutional right to livelihood under Article 21. This stay, affecting over 15,000 residents of this nearly half-century-old locality, comes at a crucial time during the harsh winter season. Also […]