The Bombay High Court held that PSBs don’t have the power to request issuance of Look Out Circulars against defaulting borrowers as the fundamental right to personal liberty cannot be compromised
The Covid-19 pandemic has led to a surge in gold loans, showing the distressing shape of the economy. But this is an opportunity for public sector banks and they have increased lending in this sector.
The Supreme Court today dismissed a petition that asked permission to invoke the personal guarantees that defaulting borrowers, representing large companies had placed with Public Sector Banks.