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SC Tells RBI To Rein In Forcible Vehicle Seizures

The direction came in a judgment ordering Cholamandalam Investment and Finance Company Ltd to close the loan accounts of...

By Dhallo News · September 17, 2026 at 3:12 AM IST

The direction came in a judgment ordering Cholamandalam Investment and Finance Company Ltd to close the loan accounts of a truck owner and refund ₹4.5 lakh realised from the sale of his vehicle, along with six per cent annual interest.

SOURCE: Deccan Chronicle Politics

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