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HC raps bank for bid to recover settled loan from two senior citizens
Hindustan Times Navi Mumbai
|April 11, 2025
The Bombay high court on Wednesday rapped a nationalised bank for initiating recovery proceedings against a senior citizen and a super senior citizen after executing no dues certificates and release deeds for mortgaged property.
MUMBAI: The bank's action was "gross and shocking", the court said.
The court was hearing a plea by Urmiladevi Jain, 62, and Pannalal Jain, 97 — partners in Vardhaman Enterprises who owned a 40% stake in the firm. The duo claimed that the bank had ordered recovery of ₹2.40 crore from them for sale of properties under mortgage although they had paid ₹1.6 crore to settle their debt. The bank had even issued a no dues certificate and executed release deeds in their favour for the mortgaged properties.
यह कहानी Hindustan Times Navi Mumbai के April 11, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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