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 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.
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