NOC from Bank

Querist : Anonymous (Querist) 27 March 2010 This query is : Resolved
Hi,I have paid all my credits to the bank but I have not been provided with No Objection Certificates(NOC)what steps can I take now? I am thinking to send Notice to the bank of 15 days through.I also have receivings with me and do have their nos. who came to pick up the cheques.But now those nos. not working anymore and if incase I dont find their receivings then also what are the steps I can take??

These banks are in New Delhi so to file case does it come under Patiala House courts where I have to go??

Kindly guide me on this so that I cud take proper and promt step witout wasting any time before approaching to my Lawyer. Thank you

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adv. rajeev ( rajoo ) (Expert) 27 March 2010
Issue notice to the bank to issue NOC giving them time, otherwise file a consumer case in your jurisdiction.

Tribhuwan Pandey (Expert) 27 March 2010
I agree with Mr. rajeev s vadrali.

B K Raghavendra Rao (Expert) 27 March 2010
Visit the bank, ask for a statement of account. If you have paid cheques, your payments should have been reflected in the statement of account. Otherwise, trace where the cheques have gone.

You need to issue a legal notice to the bank for issuing loan clearance certificate if you have paid the entire amount of loan as per the calculations of the bank.

Parthasarathi Loganathan (Expert) 27 March 2010
Mr. Anonymous should understand the basic difference between Issue of No Objection Certificate and Issue of No Dues Certificate. In this case, since it is stated that you have cleared all the debts, you can apply for No Dues Certificate. Banks on verification of their records, if they are satisfied that there are no dues outstanding either in your name on in the names of your relatives where you have extended your reference or guarantee is bound to issue the same. I don't think you cannot make a case against Bank for non-issue of No Objection Certificate

Querist : Anonymous (Querist) 27 March 2010
To clarify, payments were made against credit card settlement. The bank provided with the settlement letter and all the payments were made through cheques and I was assured by the bank representative that NOC will be provided within 15 working days.

Kumar Thadhani (Expert) 29 March 2010
Yes BANK will provide you with no-dues certificate when you cleared your dues with the bank.ask your banker to give settlement letter or no-dues letter.

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