HC frames car-loan recovery guidelines
New Delhi (PTI): Delhi High Court has warned finance companies against predatory practices, including the use of muscle power, in taking back vehicles financed by them in case of default in repayment of loan and framed guidelines on the recovery process.
Following complaints against these companies towing away the defaultersí vehicles by force, a two-judge bench of Justices Usha Mehra and Pradeep Nandrajog framed guidelines for repossessing the vehicles.
The court observed that contracts for repayment of loans mostly involved issuance of post-dated cheques and said where a cheque is dishonoured for the first time, the borrower should be notified immediately through registered post. Seven days should be given for servicing the notice and repayment.
If the cheque is dishonoured for a second time, another notice should be given to the borrower regarding the lenderís right to recall the loan according to the terms of contract, it said.
If the notice is not complied with in seven days, the company may recall the loan but even this would not entitle it to track the vehicle while plying on the road, the bench observed, confirming RBI guidelines against undue harassment of borrowers.
If a borrower refuses to sign the papers when the vehicle is repossessed, the company should immediately bring it to the notice of local police intimating them about the time and place when it was repossessed, the court added.
Israel bid wins Skipper house
New Delhi (PTI): Israel has informed the Supreme Court, through its embassy in India, that it has deposited the full amount it had bid for the Skipper property in New Delhi the court had allowed it to buy.
The apex court had earlier directed the sale of the property to recover money due to allottees defrauded by Skipper Construction. The lone bid of Rs 25.01 crore for the house, on Aurangzeb Road, was received from Israel through its embassy and the court had allowed the country to buy the property for the amount as no other bids were received despite sufficient time being given for this.
Israel had earlier deposited a quarter of its bid with the court and the remaining amount of about Rs 18 crore was deposited a few days ago. Counsel for Israel embassy told a vacation bench of Justices . Santosh Hegde and Shivaraj V. Patil that the money had been deposited with the Supreme Court registry.
The bench has directed the registry to put the money in a fixed deposit with a nationalised bank.
Bonded girls rescued
Muzaffarnagar (PTI): Police rescued 12 bonded girl artistes and five other children from a circus company on Thursday and registered a case of sexual harassment against the management, official sources said.
The girls from Nepal alleged that they were sexually harassed and that the management had also not paid them the money agreed upon. The rescued girls were sent for medical examination and the owner of the company was arrested in Meerut, the police said.
Former sadhu held
Vadodara (PTI): A former Jain sadhu was arrested after a tiger skin was recovered from him, Gujarat forest department officials said. The sadhu told officials that the skin was gifted to him during one of his discourses.
Kochi (PTI): A 55-year-old French tourist, returning after watching a Kathakali performance at nearby Fort Kochi, was robbed of goods worth Rs 1 lakh on Monday night. The woman in her complaint said two motorcyclists snatched her bag, which contained a movie camera, cellphone and Rs 9,000.
Sleep costs flight
Kochi (PTI): Sleep cost a passenger a berth on a flight bound for Bangalore. Airport sources said Dikshit from Mumbai completed all the formalities, including collecting his boarding pass, at Nedumabassery International Airport and was waiting at the departure lounge to board his flight when he fell asleep.
New Delhi (PTI): Delhi police have arrested 11 businessmen from a state-owned five-star hotel here for allegedly indulging in gambling. Tokens worth Rs 65 lakh and over Rs 5 lakh were recovered.
Fire in Karol Bagh
New Delhi (PTI): A fire damaged a private godown in the crowded Karol Bagh area of central Delhi on Thursday. About 30 fire tenders brought the blaze, which broke out around 2.15 am, under control within an hour, fire brigade sources said. No casualties were reported.
The British high commission will open on June 9 its first visa application centre in Kerala, the last southern state to have such a centre. The centre in Kochi will receive applications from all over the state as well as Coimbatore in Tamil Nadu.