India’s legal system can work very slowly, what with the massive backlog of cases that it has. Due to this backlog and the time it could take to get a case heard, people resort to their own form of justice or get frustrated waiting for a resolution to the cases. In the case of a bank that has given a loan to a person and the person is delinquent about repaying the loan, the proper procedure is to institute a complaint and follows the proper legal procedure for recovering the loan. This would take a lot of time, and hence banks use the services of goons, loan recovery agents who use force, etc.
This is the position taken by banks when trying to do a half-hearted justification of their willingness to use illegal means to recover their loans, or to get their money back by seizing the asset for which the loan was taken. However, this approach has several problems.
May 16