In a case that has raised public concern regarding the safety of assets pledged in public sector banks, the Gujarat High Court has issued notices to the State Government and the Rajkot Police. The court is seeking a response following a petition filed regarding the mysterious disappearance of gold jewelry worth approximately ₹1.15 crore from a branch of Indian Bank. This dispute originally began in 2023.
Incident:
A couple from Rajkot had taken an MSME Jewel Loan from the Rajkot branch of Indian Bank.
They had pledged over 1,000 grams of 22-carat gold jewelry, which included necklaces and pieces studded with precious stones.
Despite the petitioners regularly fulfilling their interest obligations, they were informed on October 29, 2025, that their pledged jewelry had gone missing from the bank’s locker (secure storage).
.jpeg)
No comments:
Post a Comment