Allahabad HC Castigates Bank Of Baroda Over 'Illegal' Return Of Auctioned Property To Defaulting Borrower, Orders Heavy Compensation

The Allahabad High Court addressed a case where Bank of Baroda allegedly illegally repossessed and auctioned a defaulting borrower's property, directing the bank to pay compensation. The court's order suggests that the bank did not follow the due process of law in the recovery of its dues, leading to an unlawful dispossession of the borrower's asset and necessitating financial redress for the aggrieved party.