Sunday, January 12, 2014

Bank Can Publish Photo Of Defaulters

The Court 's decision prohibiting banks refused , which he had announced defaulters photos printed in newspapers . Division bench of the High Court while hearing a petition filed by DG Exim and its directors ruled .
The company had argued that the High Court has no such rule , under which the bank can take action as photo printing . They can not insult such defaulters . According to the rules, only the name and address can be printed .


SBI 's lawyer told the court that the company owes Rs 53 crore . The debate on whether these people are defaulters . The fact is that banks only reached the public . In every case the bank does not have such strong action . High Court claiming that their argument is no law that prevents banks from the action are. The court also directed that an officer not below the action level to GM .

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