Breaking lock at night: Supreme Court directs finance company to pay Rs 10L to borrower for forceful truck seizure

Supreme Court awards Rs 10 lakh compensation to a truck owner after illegal repossession by a finance company. Bench cites RBI norms and constitutional rights in landmark ruling on loan recovery practices.

The mode of seizure bore the marks of the 'goondaism' condemned in the court’s earlier ruling in ICICI Bank Ltd vs Prakash Kaur (2007) and successive RBI guidelines, the bench said.