Supreme Court of India · 2022-11-10
Bank Of Rajasthan Ltd. vs Vck Shares And Stock Broking Services ...
- Court
- Supreme Court of India
- Petitioner
- Bank Of Rajasthan Ltd.
- Respondent
- Vck Shares And Stock Broking Services ...
- Author
- Sanjay Kishan Kaul
- Bench
- Vikram Nath, Abhay S. Oka, Sanjay Kishan Kaul
Judgment text excerpt
The Supreme Court addressed the legal right of a borrower to initiate civil proceedings against a bank for loan recovery. The court examined the circumstances under which a borrower can challenge the bank's actions in a civil court, emphasizing the need for clarity in the legal framework governing such disputes. Ultimately, the court upheld the borrower's right to seek redress in civil court, reinforcing the principles of fairness and accountability in banking transactions.