The Bombay High Court refused to stop publication of photographs of a defaulter firm in newspapers, saying that it was in larger public interest. The division bench of Justices VM Kanade and MS Sonak refused to grant relief to the firm DJ Exim and its directors. State Bank of India, on 10 October 2013, had issued the firm a letter warning that if it did not repay the loan amount, photographs of the directors would be published in national newspapers. The company moved the High Court against this saying that no rule permits banks to publish photos.
The Court observed that publishing of photographs serves the purpose of creating awareness and cautioning prospective clients. “In our view, there would be no impediment to publication of photos of the defaulters. There is no legal bar which expressly prohibits the bank from publishing photos. However, the decision to resort to such measures should be taken by a very senior level official not below the rank of general manager of the bank.”
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