Home loan
Advocate M J
(Querist) 13 April 2012
This query is : Resolved
Good Afternoon respected members
My client has taken a home loan from a financial institution for RS1025000/- which is reflecting in the original sale deed of the property now the financial institution claims having issued one more cheque for Rs5,25,000/- to my client which is not reflecting in the original sale deed keep with same financial institution, they say thr are having the receipt of this 5,25,000/- from the builder who has sold his property to my client through this financial institution.
Whether the receipt issued by the builder for Rs5,25,000/- is sufficient evidences to prove that my client has received this amount. in fact my client has received on Rs10,25,000/- which is reflected in original sale deed .
How to get justice to my client to deny this Rs5,25,000/- as my client had not issued any receipt for the same instead the finical institution has received the forged receipt from the builder by paying some money extra to the builder.
So please let me how to deny this fact and can i book a criminal case against the financial institution if so under which section
Thank u
SAINATH DEVALLA
(Expert) 13 April 2012
Dear Advocate,
You are saying that they had issued a cheque for 5,25,000/-the transaction will be available in the bank records.Mere receipt will not hold any substance.There is a possibility for the builder to play fraud.You file a police complaint against the builder and the financial institution,and also complain in theconsumer forum.
V R SHROFF
(Expert) 13 April 2012
You should get receipt from builder , for the same. or your bank pass book must show it.
What is consideration value of property?
how was it paid??
what amt is balance
It will finish the matter
Or issue notice to both bank / builders.
it will clear the problem
prabhakar singh
(Expert) 14 April 2012
I also agree with Mr.SAINATH DEVALLA
