I had obtained home loan from a bank for purchasing a residential plot, and building a house on it about 18 years before. The loan was for a tunure of 25 years, of which 7 years repayment is remaining. Repayment has been regular since beginning as the same was deducted from my salary account.
Recently, the bank asked me to submit the original title deed or sale deed of my plot (land), which I had already deposited with the banker, but the banker had not given any receipt or acknowledgement for the same. Now the bank is saying that I had not deposited the original sale deed, thereby violated the loan agreement, qualified for the penalty. Please advise. Is the limitation act is relevant in this case?
