New Delhi: The Supreme Court has said that private medical colleges asking students to provide a bond is shocking. The bench headed by Chief Justice DY Chandrachud clarified that the colleges do not have the authority to demand bonds from the students.
Only the government is allowed to buy bonds from students. The court also said that only the students in the service should be allowed. Govt can buy bonds for those in service while studying. The Supreme Court also stated that no one else has the authority to do so.
The references are in a petition filed by a private medical college against the Madhya Pradesh High Court’s order to refund the bond given by a PG medical student with interest. The position of the private medical college was that after the completion of medical studies, one year should be studied in their college or pay five lakh rupees. But the court rejected the petition.
Three years after completing his studies, the student approached the court against the bond. The petition was against the bond, which stipulates an additional interest of 8% in case of delay in repayment.
English Summary: Supreme Court said that medical colleges should not buy bonds from students