VENKATESWARLU NIMMAGADDA
Krishna Bisai – Appellant
Versus
Union of India – Respondent
| Table of Content |
|---|
| 1. challenge against unlawful loan recovery methods. (Para 1 , 3) |
| 2. legal obligations of banks regarding loan recovery. (Para 4 , 5 , 6) |
| 3. court mandates compliance with rbi guidelines. (Para 8 , 9) |
| 4. court's decision to dispose of the writ petition. (Para 10) |
JUDGMENT :
1. This writ petition is filed under Article 226 of the Constitution of the India seeking the following reliefs :
Financial institutions must comply with legal protocols and RBI guidelines for loan recovery, condemning any unlawful coercive actions by recovery agents.
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