hii
sir I have taken finance from bank for purchasing vehicle and bank has arranged for the finnace and also arrange for insurance to secure the loan amount. i think it act as insurance agent and deducted premium amount from fiance amount and probably would have got insurance commission. that the said vehicle has stolen and immediately F.I.R WAS lodged and intimation was send TO bank however later insurance company has repudiated claim as it has not been informed immediately. however we have intimated to bank but because of unknowledge we have not obtained acknowledged copy. now bank has obtained award for loan amount against us from chennai, we stay at mumbai. practically it was not viable for us to attend arbiteration so they got ex parte award. now what we can do . please suggest
