IN THE HIGH COURT FOR THE STATE OF TELANGANA AT HYDERABAD
SUREPALLI NANDA
PolaKonda Sai Raj – Appellant
Versus
Union of India – Respondent
ORDER :
(SUREPALLI NANDA, J.)
Heard Sri Abdul Azam Khan, learned counsel appearing on behalf of the petitioner and Sri Gadi Praveen Kumar, Deputy Solicitor General of India appearing on behalf of the respondents.
2. The petitioner approached the Court seeking prayer as under:
“….That this Hon'ble Court may be pleased to issue a Writ, Order or Direction, more particularly one in the nature of a Writ of mandamus declaring the action of the Respondents no.3 to 18 in sending recovery agents to the residence of the Petitioner and threatening him and his family with the dire consequences, if loans are not repaid as illegal, arbitrary and against Article 14, 19 & 21 of the Constitution of India and consequently to direct the Respondent No.3 to18 to forthwith stop sending recovery agents to the Petitioner's residence and follow procedure as contemplated by law to recovery any loans that may be due to the Respondents and pass such other Order or Orders as this Hon'ble Court deem fit and proper in the circumstance of the case...”
PERUSED THE RECORD:-
3. The case of the petitioner in brief as per the averments made by the petitioner in the affidavit filed by the petitioner in support of the present
The court affirmed that recovery agents must adhere to Reserve Bank guidelines and cannot engage in harassment, as this violates borrowers' rights under Articles 14 and 21 of the Constitution.
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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