https://www.taxtmi.com/news?id=74849 Vehicle repossession by banks and non-banking financial companies must be lawful and fair despite contractual self-help repossession rights. Lenders and recovery agents must not use force, stealth, intimidation, harassment, or arbitrary methods. Legally valid repossession clauses must provide notice periods, lawful possession procedures, a final repayment opportunity, and sale or auction processes. Financial institutions must ensure recovery-agent compliance and prevent unlawful dispossession of borrowers from hypothecated vehicles. en-us Wed, 16 Sep 2026 19:46:05 +0530 Wed, 16 Sep 2026 19:46:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=74849 Vehicle repossession by banks and non-banking financial companies must be lawful and fair despite contractual self-help repossession rights. Lenders and recovery agents must not use force, stealth, intimidation, harassment, or arbitrary methods. Legally valid repossession clauses must provide notice periods, lawful possession procedures, a final repayment opportunity, and sale or auction processes. Financial institutions must ensure recovery-agent compliance and prevent unlawful dispossession of borrowers from hypothecated vehicles. News - Wed, 16 Sep 2026 19:46:05 +0530 https://www.taxtmi.com/news?id=74849