SC pulls up HDFC bank over ‘homebuyer harassment’
3 weeks, 3 days ago

SC pulls up HDFC bank over ‘homebuyer harassment’

Hindustan Times  

The Supreme Court on Friday sharply criticised HDFC Bank Ltd for a homebuyer being harassed, suggesting bank officials be identified and investigated in cases where they may have colluded with builders. The court refused to entertain HDFC Bank’s appeal against a Punjab and Haryana high court order, which first noted the possibility of impropriety and sought an explanation for why an inquiry shouldn’t be initiated against bank officials for their alleged complicity with a builder. The court rejected this defence, stating: “It is not a case warranting our interference.” The case involves homebuyer Santosh Soni, who entered into a tripartite agreement with HDFC Bank and International Land Developers Private Ltd. The high court directed HDFC Bank and the builder to explain why the builder’s property shouldn’t be seized and auctioned for loan recovery.

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History of this topic

Calcutta High Court Quashes Robbery Case Against HDFC Bank For Taking Repossession Of Loan Defaulter's Vehicle
1 year, 10 months ago

Calcutta High Court Quashes Robbery Case Against HDFC Bank For Taking Repossession Of Loan Defaulter's Vehicle

Live Law  

The Calcutta High Court on Friday quashed the criminal proceedings registered under Section 392 of IPC against HDFC Bank for taking repossession of the vehicle of the borrower by the financer-HDFC. While quashing the criminal proceedings, the single judge bench of Justice Siddhartha Roy Chowdhury held: “The lender or financer took repossession of the vehicle, pursuant to the agreement executed …

HDFC Bank says aware of complaint filed against it in US
4 years, 3 months ago

HDFC Bank says aware of complaint filed against it in US

Live Mint  

HDFC Bank on Monday issued a clarification on lawsuits from US-based law firms. A law firm in the US has filed the class action suit against HDFC Bank, claiming damages for the losses incurred by investors because of "materially false and misleading" representations made by India's largest private sector lender. Mint reported on 17 September that Rosen Law Firm’s complaint …

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