A.There are various legal remedies provided for this such as:
1) Filing a complaint at the police station
2) An Injunction suit against the bank and the recovery agents
3) File an objection with the Reserve Bank of India: After getting a few public objections against banks and seeing a few cases recorded against the harassing recovery method, the RBI prescribed certain norms for the recovery agents in order to govern the approach towards defaulters. In this manner, if the defaulters feel undermined, they have an option to contact the organization and file a legal complaint.
4) Defamation Suit
5) The banking Ombudsman
Thank You
1) Filing a complaint at the police station
2) An Injunction suit against the bank and the recovery agents
3) File an objection with the Reserve Bank of India: After getting a few public objections against banks and seeing a few cases recorded against the harassing recovery method, the RBI prescribed certain norms for the recovery agents in order to govern the approach towards defaulters. In this manner, if the defaulters feel undermined, they have an option to contact the organization and file a legal complaint.
4) Defamation Suit
5) The banking Ombudsman
Thank You
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