Financial Institutions Should Not Repossess Hypothecated Vehicles by Force: Supreme Court
In Hari Dutta Sharma v. State of UP [2026: INSC: 1040], the Supreme Court held that a financier's right to repossess a hypothecated vehicle cannot be exercised through force, deceit, or in violation of the loan agreement's terms. Instead, the recovery of loans and seizure of vehicles must be carried out through proper legal means.