India, Nov. 13 -- Observing that pension is a welfare measure intended to safeguard the financial security of retired employees and their families and cannot be subjected to coercive recovery measures for a borrower's default, the High Court of J&K and Ladakh on Friday restrained Jammu and Kashmir Bank from recovering loan dues from the pension account of a retired government employee who had guaranteed the loan.

Allowing an appeal filed by N A Kuchay, a retired police personnel and senior citizen, a bench of Justice Moksha Khajuria Kazmi set aside an order passed by the 3rd Additional District Judge here which had declined interim relief against deductions from his pension account.

Kuchay had approached the court alleging that the bank...