1 year ago

Chandigarh State Commission Holds Axis Bank Liable For Delay In Loan Disbursement, Failure To Produce Documents And Lack Of Communication

Live Law

The State Consumer Disputes Redressal Commission, U.T. Chandigarh bench comprising Justice Raj Shekhar Attri and Mr Rajesh K. Arya held Axis Bank liable for deficiency in services in a housing loan case. Despite the bank's assertion of property non-identification, the State Commission found the bank's lack of communication and failure to produce essential documents suspicious. The District Commission dismissed the complaint, stating that the Complainant failed to provide concrete documentary evidence rebutting the bank's claim that the loan couldn't be released due to non-identification of the land. Conversely, the bank, argued that the sanction letter issued on July 12, 2021, was only a financial sanction based on the Complainant's financial credentials which were valid for 180 days.

Property Bank Documents State Commission State Held Commission Chandigarh Complainant District 180 Days Loan Sanction property liable state produce bank delay holds held disbursement lack loan sanction commission failure district documents complainant

History of this topic

8 months, 1 week ago

Consumer Cases Weekly Round-Up: 8th To 14th July 2024

Live Law

Supreme Court 'People Don't Purchase High-End Luxurious Cars To Suffer Discomfort' : Supreme Court Holds Mercedes Benz Liable For Faults In Vehicles The Supreme Court on Tuesday upheld orders of the National Consumer Disputes Redressal Commission granting relief to two companies who had purchased cars from luxury car company Mercedes-Benz for the use of their directors. Chandigarh Failure To Settle …

8 months, 2 weeks ago

Bangalore District Commission Holds Union Bank Of India Liable For Failure To Refund Wrongfully Debited Money

Live Law

The Additional District Consumer Disputes Redressal Commission-III, Bangalore Urban bench of Shivarama K and Rekha Sayannavar held Union Bank of India liable due to its failure to refund the money wrongfully debited from the complainant's bank account while attempting to withdraw from the bank's ATM. Brief Facts: The Complainant attempted to withdraw money from an ATM operated by Union Bank …

9 months ago

Inability To Pay Full Amount, Developer Can Only Forfeit Booking Amount, Not Entire Amount Paid: Rewari District Commission

Live Law

The District Consumer Disputes Redressal Commission, Rewari bench of Sanjay Kumar Khanduja and Rajender Parshad the Manager of Jan Awas Project liable for unfair trade practices for forfeiting the full pre-deposit amount due to the Complainants' inability to make the full payment for the flat. Feeling aggrieved, the Complainants approached the District Consumer Disputes Redressal Commission, Rewari, Haryana and filed …

9 months ago

Extending Tenure Of EMIs And Reducing EMI Amount Without Consent, Chandigarh District Commission Holds HDFC Bank Liable

Live Law

The District Consumer Disputes Redressal Commission-II U.T. Chandigarh bench of Amrinder Singh Sidhu and B. M. Sharma held HDFC Bank liable for deficiency in services and unfair trade practices for extending the tenure of EMIs of loan availed by the Complainant and reducing the EMI amount without consent of the Complainant. The District Commission noted that the bank without seeking …

11 months, 3 weeks ago

Bangalore District Commission Holds ICICI Bank Liable For Failure To Return Original Documents Within One Month Of Loan Disbursement

Live Law

The III Additional Bangalore Urban District Consumer Disputes Redressal Commission, Bengaluru bench comprising Shivarama K, Chandrashekar S Noola and Rekha Sayannavar held ICICI bank liable for deficiency in services for failure to return original documents to the Complainant within 1 month of loan disbursement. However, despite persistent efforts, the Complainant failed to obtain the necessary documents from ICICI Bank, complicating …

1 year, 1 month ago

Jodhpur District Commission Holds AU Small Finance Bank For Failure To Sanction Requested Amount Despite Issuing Acceptance Letter

Live Law

The District Consumer Disputes Redressal Commission-II, Jodhpur bench comprising Mr Shyam Sundar and Mr Balvir held AU Small Finance Bank Ltd. Liable for deficiency in service and unfair trade practice for failure to sanction the loan for the requested amount despite issuing a letter of acceptance to the Complainant, leading to a great financial loss to him. Observations by the …

1 year, 1 month ago

Chandigarh District Commission Holds Punjab State Federation Of Corporative Housing Building Society Liable For Unreasonable Delay, Unilateral Change In T&C

Live Law

The District Consumer Disputes Redressal Commission-I, Chandigarh bench comprising Pawanjit Singh, Surjeet Singh and Suresh Kumar Sardana held Punjab State Federation of Cooperative House Building Society Ltd. liable for deficiency in services and unfair trade practices for collecting money without the final sanction of the layout by the authorities and arbitrary delay in construction and the unilateral change in terms …

1 year, 1 month ago

Documents Destroyed Due To Fire In Storage Area, Kolkata District Commission Holds IDBI Bank Liable

Live Law

The District Consumer Disputes Redressal Commission Kolkata Unit – II bench comprising Sukla Sengupta and Reyazuddin Khan held IDBI Bank liable of deficiency in services for its failure to take utmost care of security and safety of the original documents stored in its storage facility which resulted in destruction of the original documents in a fire incident. However, the bank, …

1 year, 1 month ago

Chandigarh Housing Borad, MC fined for failing to convert residential property to freehold

Hindustan Times

Setting aside a district commission’s order, the State Consumer Disputes Redressal Commission has penalised the Chandigarh Housing Board and municipal corporation, and directed them to take up a city resident’s case of conversion of his house from leasehold to freehold and also execution of conveyance deed within three months. Bembey’s counsel said instead of getting the conveyance deed executed in …

1 year, 6 months ago

Unilateral Payment Demands Amount to Unfair Trade Practice, Chandigarh District Commission Holds Indian Railway Welfare Organization Liable

Live Law

Recently, the Chandigarh District Consumer Disputes Redressal Commission-I bench comprising Pawanjit Singh, Surjeet Kaur and Suresh Kumar Sardana has directed the Indian Railway Welfare Organization to pay Rs 30,000 to the complainant for charging extra amount after the booking of the flat property. Brief Facts of the Case: Shyam Sunder Garg had booked a flat in the "Rail Vihar" housing …

2 years, 7 months ago

Axis Bank directed to pay Rs one lakh compensation to customer

Deccan Chronicle

Hyderabad: Directing Axis Bank to return the original registered sale deed documents to its customer within 45 days, the Hyderabad District Consumer Disputes Redressal Commission-I has asked it pay Rs 1 lakh compensation for failing to return the documents even after the customer had repaid the loan. filed a petition before the commission that she had borrowed Rs 20 lakh …

10 years, 4 months ago

ICICI Bank asked to pay Rs.50,000

The Hindu

Private banker ICICI Bank Ltd. was asked to pay Rs.50,000 to a customer for the loss of the sale deed of his property, which was mortgaged with the bank. While passing the ruling, the State Consumer Disputes Redressal Commission upturned an order of a district forum’s ruling, which has asked the bank to cough up a total of Rs.25,000 in …

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