Legal Question in Consumer Law in India
I took home loan of Rs 12.5 lacs from SBI. The xerox copy of the cheque was issued to me on 10th OCt'08 but due to some reasons the builder took the cheque from me on 27th Oct'08 ont he date of sale deed. The bank has now charged the interest of those 17 days as Rs. 7450. Is it fair as the cheque was never utilized during those days.Can I do something on this?
Asked on 10/12/09, 3:32 am
1 Answer from Attorneys
Seshadri Srinivasan
www.lawconcern.com
Yes, the bank is correct. Interest will be counted from the date of handing over of cheque to you, particularly when you must have also issued a receipt for the cheque as well.
Answered on 10/12/09, 6:00 am
Related Questions & Answers
-
I want to know whether selling or promoting insurance policies through Multi Level... Asked 10/11/09, 9:06 am in India Consumer Law
-
I had ordered a Botanical medicine called Neoplasene 300 (to be orally administered)... Asked 10/08/09, 10:25 pm in India Consumer Law
-
I have sold one ambassador car ,t board,2000 model,on 2004.one finance co given... Asked 10/07/09, 11:45 pm in India Consumer Law
-
I have a credit card issued by a leading bank. 2 months back, the bill had finance... Asked 10/06/09, 9:22 am in India Consumer Law
-
Is Questnet or Goldquest as it is known, and with so much fraud perpetrated and... Asked 10/06/09, 2:01 am in India Consumer Law