SAINATH DEVALLA
A friend of mine has obtained a loan from ICICI BANK in the year 2005 for the purchase of a flat.He was regularly paying the EMI's till a year back.Now he is actually a defaulty. Here I would like to emphasise a complicated legal point, Actually his flat registered by the Builder is SF2.( Third floor).But the door no of the flat as mentioned in the ICICI loan document is SF1( Second floor). The entire documentation done at the time of processing or disbursing the said loan is mentioned against SF1(Second floor) by the officials of the bank. Now what is the legality in the disbursement of the loan by the concerned bank?How far is my friend liable?. May i have the views of the forum.