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Business
HP High Court Dismisses Notice Against Bajaj Finance Over Alleged Stolen Documents
✍️ Live Law
🗓 13 Oct 2026, 05:37 PM
👁 18
The Himachal Pradesh High Court has quashed a notice issued to Bajaj Finance under Section 94 BNSS, demanding the company produce allegedly stolen documents. The decision removes the legal pressure on the lender.
The Himachal Pradesh High Court today quashed a notice issued to Bajaj Finance under Section 94 BNSS, which had directed the lender to produce documents alleged to be stolen.
The notice, filed by the banking regulator, sought the production of certain records that were claimed to have been taken unlawfully. Bajaj Finance had challenged the notice, arguing that the documents were not in its possession and that the claim lacked sufficient evidence.
In its ruling, the court noted that the regulator had not established a prima facie case of theft and that the notice was therefore premature. The decision lifts the immediate legal burden on Bajaj Finance, allowing it to continue its operations without the threat of enforced production.
The court’s judgment is seen as a reminder that regulatory notices must be supported by concrete proof before they can compel corporate action. Bajaj Finance is expected to file a formal response to the regulator following the dismissal of the notice.
The notice, filed by the banking regulator, sought the production of certain records that were claimed to have been taken unlawfully. Bajaj Finance had challenged the notice, arguing that the documents were not in its possession and that the claim lacked sufficient evidence.
In its ruling, the court noted that the regulator had not established a prima facie case of theft and that the notice was therefore premature. The decision lifts the immediate legal burden on Bajaj Finance, allowing it to continue its operations without the threat of enforced production.
The court’s judgment is seen as a reminder that regulatory notices must be supported by concrete proof before they can compel corporate action. Bajaj Finance is expected to file a formal response to the regulator following the dismissal of the notice.