The Rajasthan High Court today directed authorities to investigate into the forceful recovery of vehicles by financial institutions from the owners who fail to pay due installments.
Justice M N Bhandari of the Jaipur bench directed the Alwar police to unearth the illegal operations supported by the financial institutions which send recovery agents to repossess the vehicles forcefully from the owners who fail in making payment of the installments.
The court order came on a second bail application filed by one Sumit Yadav who along with his fellow recovery agents had allegedly repossessed a truck, purchased form TATA company, after thrashing the owner’s son in Alwar district.
Observing that the matter was “very serious”, Justice Bhandari said if the allegation of illegal repossession is found to be correct, “we would take stern action against the top officials of TATA Motor Finance Ltd, Mumbai.”
The court also directed the police to find out how did the recovery agents of TATA motor finance of Mumbai used fake seal and signs of the police authorities and police station in getting forceful repossession of a truck form the complainant.