Bank failed to return property papers after home loan closure: How a Delhi couple got Rs.15.5 lakh compensation
New Delhi, Aug. 3 -- Imagine clearing your home loan after years of repayments, only to find that the bank has lost your original property documents. That is what happened to a Delhi-based couple, who had to fight a legal battle after Axis Bank reportedly failed to return their original sale deed even after their loan was closed.
According to a report by The Economic Times, the Delhi State Consumer Disputes Redressal Commission directed Axis Bank to pay Rs.15.5 lakh as compensation to the couple for misplacing the original property papers.
As reported by The Economic Times, the couple had taken a housing loan of Rs.1,41,75,151 from Axis Bank on 16 March 2018, to purchase a property in DLF Capital Green, Karampura, West Delhi. The origin...
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