Banks are lenient with big borrowers, harsh with common people: Supreme Court slams SBI while refusing relief to defaulting company
- Posted on May 28, 2026
- By The Times of India
- 0 Views
- 1 min read
Banks are lenient with big borrowers, harsh with common people: Supreme Court slams SBI while refusing relief to defaulting company
In a significant order dealing with recovery proceedings under the SARFAESI Act, the Supreme Court of India refused to interfere with action initiated by the State Bank of India against a company that had defaulted on an Rs.8.09 crore loan almost immediately after availing it.
