V.K.Jain, Presiding Member—The petitioner, who has an account with the respondent Syndicate Bank, Civil Lines, Roorkee had a credit balance of Rs. 4,51,177.69/- for the aforesaid account as on 31.03.2009. The petitioner had also stood as guarantor for a loan which the aforesaid bank had granted to M/s. Hamara Enterprises through one Mr. Sanjeev Kumar Sharma bearing cash credit account no. 87361250000269. Since M/s. Hamara Enterprises did not repay the loan taken from the bank, it turned into a Non Performing Asset and the petitioner being guarantor for the aforesaid loan, a sum of Rs. 4,43,000/- was transferred from his bank account to the loan account of M/s. Hamara Enterprises. Being aggrieved from the aforesaid transfer of money from his account, the petitioner approached the concerned District Forum by way of a complaint.

2. The complaint was resisted by the bank primarily on the ground that since M/s. Hamara Enterprises did not repay the loan taken from the bank and the petitioner/complainant had stood as a guarantor in respect of the aforesaid loan, they sent registered notices dated 18.07.2008 and 20.03.2009 to him, requiring him to close the loan account of M/