“Redundant Laws” by VakilNo1

Source: (http://goo.gl/e4NJqm)

Even after law sees the light of day, it may remain on paper due to lack of clarity in applicability.

The Hire-Purchase Act of 1972, never metamorphosed into an Act. For a Bill to become an Act, it must be passed by both Houses of Parliament, but this was passed by only one House. Due to lack of interest in the Bill, it just lapsed. This has resulted in a piquant situation, buyers of vehicles on hire-purchase/bank loans can’t be prosecuted by the financier not the vehicle repossessed even if they default on repayment, because there’s no law for it. In such cases, the only recourse open to the financier is to send thugs to the defaulter. However, a wily defaulter can run rings round the lender by lodging dacoity cases against the lender, and claiming that he had a large amount of money lying in the car when it was seized.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: