Case Law Analysis
|Supreme Court of India
Night-time seizure without notice violates RBI Guidelines and Articles 14, 21 | Vehicle repossession at 1 a.m. : SC
The SC ruled that a night-time vehicle seizure without seven-day notice violates RBI Guidelines and Articles 14 & 21, directing the financier to close the loan, refund ₹4.5 lakhs at 6 % interest and pay ₹10 lakhs compensation.