https://www.taxtmi.com/caselaws?id=459123 A financial institution that attaches a non-debtor's residential property without basic title verification, and persists despite prompt notice of mistaken identity, acts negligently and wrongfully. Where such conduct causes humiliation, hardship and litigation burden, particularly to a senior citizen with medical issues, compensation and costs may be awarded, and responsibility may be fixed on the officials who failed to verify ownership before proceeding. The Court also directed the bank's Chairman to conduct an inquiry and take action against the culpable persons in accordance with law. en-us Tue, 20 Jun 2017 00:00:00 +0530 Mon, 02 Dec 2024 19:08:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459123 A financial institution that attaches a non-debtor's residential property without basic title verification, and persists despite prompt notice of mistaken identity, acts negligently and wrongfully. Where such conduct causes humiliation, hardship and litigation burden, particularly to a senior citizen with medical issues, compensation and costs may be awarded, and responsibility may be fixed on the officials who failed to verify ownership before proceeding. The Court also directed the bank's Chairman to conduct an inquiry and take action against the culpable persons in accordance with law. Case-Laws Indian Laws Tue, 20 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459123