Banks Giving Loans Without Proper Title Search Reports : Supreme Court Flags Issue To RBI; Says Officials Who Approved Loan Be Made Liable

The Supreme Court recently underscored the significance of comprehensive title search reports in preventing legal disputes and ensuring smooth property transactions. The Court emphasized the need for the Reserve Bank of India (RBI) and other stakeholders to develop a standardized and practical framework for preparing title search reports before loan sanctioning by banks. The Court said that...