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National News

The Times of India

National / The Times of India

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SC: Criminal cases on loan defaulters must end after settlement

The Supreme Court has ruled that criminal proceedings against loan defaulters must cease if a settlement is reached with the bank. Such actions, the court stated, are oppressive and abuse judicial processes, potentially harming the economy. Allowing banks to pursue criminal cases after a compromise undermines settlement sanctity and discourages dispute resolution.

3 Jun 2026 4:48 am