Flat cancellation Loan repayment to Bank
5 years ago
I gave booking advance 1lac thru cheque and processed home loan from Indian bank for 20 lakh. Loan got approved and bank also dispersed 14lakhs out of it without even UDS registration & construction agreement Registration and MoD processes. I wanted to cancel booking due to my situation.Sent cancellation and closure request letter to bank and builder seperately. Bank Manager says I have to get 14lakhs from builder repay along with interest and preclosure charges. If builder refuses to repay what is the way out? How to approach this to close legally and correct without affecting my credibility and without spending money from my end. I don't have possession or ownership on that property. I have not enjoyed it's ownership and no returns/income from that. Still under construction for past one year. Pls suggest.
Get issue a legal notice and then approach Consumer Forum
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Sunil Kumar Singh
Responded 5 years ago
Thanks
Vidhikarya
Rameshwar Dadhe
Responded 5 years ago