Representative image
NAGPUR: In a verdict that would bring relief to thousands of employees working as recovery agents with banks and financial institutions, the Nagpur bench of Bombay high court has ruled that demanding outstanding loan amount from a defaulting person cannot be construed as abetment to suicide.
Recovery agents were often held responsible in case defaulters end their life after failure to repay the loans. Recently, many such suicides have taken place across the country after people availed instant loan from app-based companies. After being unable to repay the amount, many such debtors faced harassment from recovery agents, who publicly defamed such defaulters on social media and also called their family members and friends.