can i sue bank manager if he denies to provide original documents of duly completed home loan?
Querist :
Anonymous
(Querist) 21 April 2011
This query is : Resolved
I have fore
closed my home loan and have paid full amount but the branch manager of bank is denying to give me the original property documents.i have a CC A/c with the same bank,and cc facility i use is against stock hypothecation,can he hold my documents as colateral or additional security without my agreement?
Please guide me to the course of action urgently
R.Ramachandran
(Expert) 21 April 2011
I think every one of you feel that just by suing you will get your things done. You should know that suing also involves costs. Before thinking in terms of approaching the Court, first write a letter to the Manager asking him to return the original property documents since the entire loan stands repaid. If he does not return the documents within a reasonable period, say 15 days from the date of receipt of your request, then make a complaint to his higher authorities. After waiting for one month, make a complaint to Ombudsman. Only if that too fails, then think in terms of approaching the Court. Adopt the principle of 'SAMA, BEDHA, DHANA, DHAND".
Devajyoti Barman
(Expert) 21 April 2011
If the bank is Public Bank then filing Writ petition in the High Court would yield effective and efficacious remedy in no time.
Querist :
Anonymous
(Querist) 26 April 2011
Thanks a lot Mr Ramchandran & Mr.Barman for your advice
