Pension cannot be attached to recover another person's loan even if retired employee stood as guarantor: J&K&L HC
New Delhi, Nov. 15 -- The Jammu and Kashmir and Ladakh High Court has ruled that pensionary benefits of a retired government employee cannot be subjected to coercive recovery measures for repayment of a loan borrowed by another person, even if the retired employee had stood as a guarantor for the loan.
Allowing an appeal filed by a retired police personnel, Justice Moksha Khajuria Kazmi set aside a trial court order that had refused interim protection to the appellant. The High Court restrained Jammu and Kashmir Bank from deducting any amount from his pension account towards repayment of the loan obtained by the principal borrower, reported LiveLaw.
The court observed that pension is a welfare measure intended to safeguard the financial...
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