Can banks touch your pension for loan default? J&K HC allows bank to recover guarantor dues due to this reason

Wait 5 sec.

The Jammu and Kashmir High Court ruled that a bank can recover loan dues from a pensioner's account once the pension is credited. The court upheld a bank's deduction of Rs 4.64 lakh from a retired officer's pension account after he defaulted as a guarantor for a home loan, stating pension loses statutory immunity upon crediting.