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Banks can’t lift cars of loan defaulters: SC (Hindustan Times via Yahoo! India News)

The Supreme Court on Friday questioned the private banks’ right to lift vehicles of loan defaulters and sell it later. The division bench of Justice B.N. Aggarwal and Justice P.P. Naolekar said:’You cannot take possession of the vehicle by force and then sell it. Your powers have been defined by the Supreme court. How can you employ force to recover the loan?’

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