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Banks are lenient with big borrowers, harsh with common people: Supreme Court slams SBI while refusing relief to defaulting company

In a significant order dealing with recovery proceedings under the SARFAESI Act, the Supreme Court of India refused to interfere with action initiated by the State Bank of India against a company that had defaulted on an Rs.8.09 crore loan almost immediately after availing it.

Raccontata datimesofindia.indiatimes.com

Timeline cronologica

  1. giovedì 28 maggio 2026·timesofindia.indiatimes.com

    Banks are lenient with big borrowers, harsh with common people: Supreme Court slams SBI while refusing relief to defaulting company

    In a significant order dealing with recovery proceedings under the SARFAESI Act, the Supreme Court of India refused to interfere with action initiated by the State Bank of India…