Fraud by bank and builder in loan disbursment
5 years ago
"I book a flat in a project which was approved by bank and i signed all the documents but bank didn't disburse the loan amount to builder, they had taken some authority letter from builder and adjust all the money without informing me from his past dues with that bank (it means builder already was a defaulter and his approx five loan account stays with bank as NPA).
My question isn't it will be a breach of trust because intentially bank hide builder's NPA and default to recover the money from his and bank simply transfer the liability of money from builder to my own head.
Now builder becomes absconding and bank filled 138 cases by bouncing the cheque that they had taken with all the document at the time of approving the loan.
Please give me the way to defend myself."
Yes, it is breach of trust by the bankers and you can resist cheque bounce case on the ground as on the date of issuing cheque no consideration was passed in your favour by the bankers. Your case requires deep study by the legal expert otherwise the recent tendency goes to show that many of the cheque bounce cases simply ended in conviction.
For full procedure contact me on mobile through Vidhikarya.
Best option for you would be to get a Real Estate Lawyer from the locality/Region failing which get in touch with Vidhikarya.com
Shanti Ranjan Behera
Advocate
Rameshwar Dadhe
Responded 5 years ago