Hire-Purchase Agreement | Bank Need Not Re-Issue Vehicle's Registration Certificate After Sale Due To Default By Registered Owner: Calcutta HC

The Calcutta High Court clarified that the use of the word "may" in Section 515 of the Motor Vehicles Act renders the provision directory rather than mandatory. This means that banks are not legally required to reissue certificates of vehicle registration. The ruling provides significant clarity on the interpretation of legislative language within the Motor Vehicles Act, affecting how banks and financial institutions handle vehicle registration processes.