loan repayment Archives

Bona fide belief plus genuineness of transaction constitutes reasonable cause under S. 273B, Penalty can’t be imposed under S. 271E of Income Tax Act: Chhattisgarh HC

“Since the assessee has shown the reasonable cause within the meaning of Section 273B of the Act, the assessee is not liable to pay penalty under Section 271E of the Act for non-compliance of Section 269T of the Act.”

Case Briefs High Courts

Borrowers cannot be coerced into repaying loans through threats of reputational damage or privacy invasion: Kerala High Court

“The display of photographs of defaulting borrowers violates their dignity, reputation, and fundamental right to life, as guaranteed under Article 21 of the Constitution of India”

Case Briefs High Courts

Unilateral action of bank withholding security documents is illegal and arbitrary: Kerala High Court

Kerala High Court held that once loan is repaid, the bank is not entitled to withhold the title deed merely on the grounds that the petitioner has transferred the property during the subsistence of mortgage.