Leased out vehicles: LHC bans cars recovery thru contractors

LAHORE - Justice Kazim Ali Malik of the Lahore High Court has ruled illegal the recovery of leased out vehicles from the possession of even defaulting customer by financial institutions through private contractors or individuals and ordered the interior and finance ministries to make immediate legislation on the subject otherwise it could create law and order situation.

The judge held this while admitting pre-arrest bail to two customers who had purchased a car on lease from Al-Faisal Bank Gujrat against whom a private contractor of the bank had lodged an FIR with the police. The contractor had alleged the petitioners snatched the car he recovered from their possession after they failed to pay the monthly instalment to the bank.