Enterprises offering loans against gold jewellery always run the risk of accepting stolen articles and therefore they cannot question the power of police to seize jewels in appropriate cases, the Madras High Court Bench here has said.
Justice P.N. Prakash made the observation while disposing of a writ petition filed by the manager of Muthoot Finance, Bazzar Branch, Kovilpatti, Thoothukudi district, to forbear Kovilpatti West police from seizing certain jewels pledged with the company.
Article referred: http://www.thehindu.com/news/cities/Madurai/high-court-directive-on-police-seizure-of-jewels/article8577990.ece
Justice P.N. Prakash made the observation while disposing of a writ petition filed by the manager of Muthoot Finance, Bazzar Branch, Kovilpatti, Thoothukudi district, to forbear Kovilpatti West police from seizing certain jewels pledged with the company.
Article referred: http://www.thehindu.com/news/cities/Madurai/high-court-directive-on-police-seizure-of-jewels/article8577990.ece
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