https://www.taxtmi.com/caselaws?id=111225 A vehicle loan default and repossession dispute, being predominantly civil in nature, does not by itself justify registration of an FIR or criminal investigation merely because the borrower alleges forcible repossession. The Court also noted that recovery agents and use of force are improper, and that repossession and recovery of secured dues must proceed through lawful procedure. A settlement-oriented arrangement was approved: release of the vehicle on deposit of the stipulated amount, reconciliation of accounts, credit for any unaccounted payments, and payment of any remaining balance in instalments. Future default would permit repossession only in accordance with law. en-us Mon, 26 Feb 2007 00:00:00 +0530 Fri, 29 Nov 2013 18:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111225 A vehicle loan default and repossession dispute, being predominantly civil in nature, does not by itself justify registration of an FIR or criminal investigation merely because the borrower alleges forcible repossession. The Court also noted that recovery agents and use of force are improper, and that repossession and recovery of secured dues must proceed through lawful procedure. A settlement-oriented arrangement was approved: release of the vehicle on deposit of the stipulated amount, reconciliation of accounts, credit for any unaccounted payments, and payment of any remaining balance in instalments. Future default would permit repossession only in accordance with law. Case-Laws Companies Law Mon, 26 Feb 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111225