Kolkata: Buying a car on loan is easy, but paying EMI for 5-7 years is the real challenge. Many borrowers in West Bengal and across India face vehicle seizure due to long-term loan default.What is Hypothecation? When you take a car loan, the vehicle is under hypothecation. This means until you pay the last EMI, the bank or finance company is the legal owner of your car.Legal Process of Vehicle Seizure in 2026:1. Notice Period  Bank must send multiple notices and reminders before taking action. Sudden seizure is not allowed by RBI rules.2. Recovery Agent Rules Recovery agents can visit you between 6 AM to 9 PM only. They cannot use force, threats, or abuse.3. Police Presence