Tag: #Canara Bank

Banks shouldn’t behave like real estate agents, claims HC

June 27, 2023

VIJAYAWADA: In a recent ruling, the high court reprimanded Canara Bank employees for forfeiting money without obeying the rules when it came to property sales consideration. The high court stated that banks and financial institutions should operate fairly and strictly in accordance with the law regulations when trying to recover their money, noting that they […]

Banks shouldn’t behave like real estate agents, claims HCmore
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Bombay High Court prohibits Canara Bank from acquiring Worli Bungalow.

October 9, 2019

The Bombay High Court has restricted the Canara Bank from taking over the Bungalow in Worli area, Mumbai, from one of its borrowers and the Guarantor of a loan under the SARFAESI Act, 2002. The bungalow, which has been mortgaged to use a credit line, extends over almost one-third of an acre and is priced […]

Bombay High Court prohibits Canara Bank from acquiring Worli Bungalow.more