Such articles only influence people to commit default.Bank is not charging anything which is not predecided.Agents are not criminals.Criminals are the mind which commit delebarate default.Police taking cognizance of such matter is only a way to extort money from agencies .If action has to be taken ,it has to be taken with permission of court or a notice under 160,cr.p.c must be a pre-requisite with atleast 3 days time to file a reply, in case police taking cognizance of the issue.Second,complaint by agents or bank has to be taken by the same spirit.Law should provide more teath for recovery of funds by speedy trial.90 days time limit to decide a matter and special courts to entertain claims.An institution for recovery (other than police ) may also be constituted which takes care of the interest of bank as well as genuine concern of customers.Fraudulant cmustomers , customers defaulting with more than one financial institution should be sent to jail in absence of proper justification.BAnks and other financial institution may be charged for the constitution of such courts and agencies.But no law against defaulter and all evils against recovery process may ruin the financial growth.But how such laws can me implemented when the family of President is also under claud (as revealed by media)
