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Bombay HC: PSBs had become Judge and executioner at once; the LOCs their strong-arm tactic to bypass law courts

IndiaTimes Friday, 26 April 2024 ()
Bombay HC quashes PSBs' LOCs against defaulters, citing violation of fundamental rights. Justice Patel criticizes banks for lack of fair hearing. HC questions MHA's authorization for debt recovery through LOCs, emphasizing the need for proper legal procedures.
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