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Bombay HC rules banks can t issue Look Out Circulars against defaulters

The Bombay High Court declared that issuance of Look Out Circulars (LOC) by public sector banks against default borrowers without a specific law violates fundamental rights. The court quashed the Centre s decision empowering banks to request LOCs, stating executive actions cannot infringe constitutional rights without legal basis.

Madhav jamdarGautam patelOffice memorandumBombay high courtOffice memorandumsUnion ministry of home affairsLook out circularJustices gautam patelManaging directorsChief executive officersUnion ministryHome affairsBank defaultsLoan defaultersFundamental rightsPublic sector banks

Loans | J&K: Spotlight on 40-odd VIP house-loan defaulters, unpaid amount runs into crores

While the reply puts then chief minister Mehbooba Mufti among the 47 defaulting legislators, her People’s Democratic Party posted on X the image of an official letter that says she repaid her loan with full interest

Jammu and kashmirMehbooba muftiNirmal singhSheikh shakeel ahmadQazi mushtaq ahmedNational conferenceKashmir assemblyPeople democratic partyDemocratic partyBuilding advanceJammu amp kashmirMehbooba muftiLoan defaulters

Bankers discontent over central bank s new rule of not blacklisting defaulters before auctioning their securities - myRepublica - The New York Times Partner, Latest news of Nepal in English, Latest News Articles

KATHMANDU, Dec 3: Bankers have expressed their dissatisfaction over the Nepal Rastra Bank (NRB)’s newly enforced rule on blacklisting of the loan defaulters.

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RBI s new guidelines still unclear on intention of loan default

Reserve Bank of India has announced new guidelines on labelling wilful loan defaulters that set out timelines, processes and penalties. However, they do not lay out any guidelines on establishing intention of default. This may extend the evaluation process to extended judicial review

Loan defaultersLabelling wilful loanLoan default

We don t issue arrest warrant for defaulters – EFCC warns loan companies against fraudulent activities

We don t issue arrest warrant for defaulters – EFCC warns loan companies against fraudulent activities
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