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may 2008

Supreme Court of India · 2008-05-15

ICICI BANK vs SHANTI DEVI SHARMA

Citation / case number
SC 2006/24370
Court
Supreme Court of India
Petitioner
ICICI BANK
Respondent
SHANTI DEVI SHARMA

Judgment text excerpt

The Supreme Court addressed the appeal against the Delhi High Court's order regarding the alleged role of ICICI Bank's recovery agents in a suicide case. The Court held that the High Court's observations about the bank's recovery methods could adversely affect an ongoing criminal investigation and thus ordered the expunging of specific remarks. The Court emphasized that banks must adhere to legal methods for loan recovery and cannot employ unlawful means, thereby reinforcing the principle that financial institutions must operate within the law.

ICICI BANK vs SHANTI DEVI SHARMA · Niyam