JUDGMENT

N.P. Kaushik - Member (Judicial) - Present appeal is directed against the orders dated 08.06.2012 passed by the Ld. District Forum VI Vikas Bhawan Delhi. Vide impugned orders, Ld. District Forum directed the appellant herein to refund to the respondent/complainant an amount of Rs. 1,60,000/- along with interest @ 9% p.a. w.e.f. 08.06.2005. Compensation including litigation costs to the tune of Rs. 35,000/- were also awarded.Parties hereinafter shall be referred to by their original status as it was in the District Forum.

2. Facts in brief are that the complainant admittedly is the company incorporated under the Companies Registration Act 1956. Complainant got sanctioned a loan for an amount of Rs. 17.3 million against the overdraft credit facility of ICICI Bank Ltd. (OP). OP charged processing fee @ 1.10%. Loan was sanctioned on 02.12.2004. It was to be disbursed only after an NOC in relation to mortgage of property was issued by DDA. Complainant received permission from DDA only on 05.04.2005. Sanction issued by the OP towards loan was valid for two months only. The OP bank did not disburse the loan amount for the reason that the NOC was received late from DDA. For this pu