Bank recovery case

Querist : Anonymous (Querist) 23 October 2023 This query is : Resolved
Can a bank manager file recovery suit on behalf of bank without authority

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T. Kalaiselvan, Advocate (Expert) 23 October 2023
Bank manager is empowered to file a money recovery suit agaisnt the defaulter customer, how can you say that the bank manager has no authority.
If you feel that this is abuse of his power then you can challenge the validity of the institution of the suit and also deny the allegations made therein on merits and documentary evidences in yor support

kavksatyanarayana (Expert) 23 October 2023
Yes. I agree with the views expressed by the learned expert Sri T. Kalaiselvan Sir.

Sudhir Kumar, Advocate (Expert) 24 October 2023
if it is govt bank then you can use RTI and get the copy of his authorisation.

Dr. J C Vashista (Expert) 24 October 2023
In order to file a suit for recovery all the nationalised as well as private banks and financial institutions have authorised and fixed power of their manager / circle heads

T. Kalaiselvan, Advocate (Expert) 26 October 2023
Lenders are allowed to file a case against you and send legal notice to loan defaulter under the Negotiable Instruments Act 1881, Section 138. Moreover, if the lender determines you are a deliberate defaulter, they can proceed with criminal charges under the Indian Penal Code, 1860, Sections 403 and 415 of. IPC

P. Venu (Expert) 30 October 2023
The query is short of material facts. What are the grounds that make you believe that the proceedings have been filed without due authorisation?

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