Bom. HC: Public Sector Banks Not Empowered to Issue Look Out Circulars Against Loan Defaulters - 27.04.2024

Bombay High Court has observed that Public Sector Banks are not authorized to issue look out circulars against loan defaulters. The power exercised by banks is a way to circumvent legal processes and also results in violation of Articles 14 and 21 of the Constitution of India.

Tags : Bombay High Court Public Sector Banks Look Out Circulars Article 14 of COI Article 21 of COI

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