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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.

Issuance of LOCs at instance of public sector banks sans law is violation of fundamental rights: Bombay High Court

Issuance of LOCs at instance of public sector banks sans law is violation of fundamental rights: Bombay High Court
thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.

LOCs At PSBs Behest Are Strong-Arm Tactics To Bypass Legal Process: Bombay HC

LOCs At PSBs Behest Are Strong-Arm Tactics To Bypass Legal Process: Bombay HC
freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.

8th Pay Commission latest update: Govt gets a proposal on formation of next CPC; what central govt employees must know

8th Pay Commission latest update: In an Office Memorandum, the Ministry of Personnel, Public Grievances, and Pensions said, "The undersigned is directed to forward a copy of letter No. IRTSA/Memo-7 dated 26.02.2024 received from Shri R.V. Ramesh, General Secretary, Indian Railways Technical Supervisors Association on the subject mentioned above to the Department of Expenditure for further necessary action." Here s what the central government employees must know

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