#repossession

The NCDRC has ruled that financial institutions cannot repossess a vehicle under SARFAESI Act without serving prior notice to the borrower, even in case of default. This reinforces due process as a non-negotiable element of consumer protection in secured lending, holding banks accountable for procedural violations with compensation of ₹2.5 lakh plus 12% interest.

Kerala High Court holds that repossession of a vehicle under finance lease cannot proceed without considering petitioner's willingness to pay in instalments and capacity to earn.

Madhya Pradesh High Court holds that authorities must assist banks in dispossessing borrowers under SARFAESI Act, reinforcing procedural compliance and state obligation.