Banks have to take recourse to legal remedies for recovery of loan arrears. They cannot carry out "halla bol" or similar demonstrations in front of the house of a borrower. This observation was made by the High Court of Kerala in a petition which challenged such 'innovative' methods adopted by banks.The petition was filed by one Anil Kumar, who had availed a 'Mudra Sishu Loan' of Rs.50,000/-...
