The Kerala High Court on Wednesday restrained the Corporation Bank management from holding any sort of demonstration by its employees in front of a loan defaulter demanding repayment of the loan amount.

Justice Dama Seshadri Naidu, while passing the order, observed that the bank could still have its legal methods of recovery. The court did not come in the way. But its officials could not conduct any sort of “Halla Bol” (demonstration). “Prima facie, it affected the petitioner’s right to privacy – a most cherished fundamental, though unenumerated right,” the court said.

The order came on a petition filed by Anil Kumar P. of Ravipuram, Kochi. According to him, he had availed himself of a “Mudra Shishu loan” of Rs. 50,000 under the Prime Minister’s Mudra Yojana Scheme launched in 2015 with a mission to create an inclusive, sustainable and value-based entrepreneurial culture for achieving economic success and financial security.

In fact, he had already repaid Rs. 37,000. However, a group of nearly 10 bank employees along with the chief manager of the Ravipuram branch took out a march to the residence of the petitioner holding the placards “refund public money”.

The illegal activities of the bank had caused irreparable damage to the petitioner. The bank had earlier rejected the petitioner’s plea to the management to desist from such activities, saying that “Halla Bol” would be continued in frequent intervals and that Reserve Bank guidelines were not applicable to the bank.

The petitioner pointed out that the demonstration was wholly illegal and in gross violations of the guidelines issued by the RBI from time to time.

Source: Read Full Article