R.REGUPATHI, J.JAYARAM, TMT.P.BAKIYAVATHI
K. PARAMESWARAN – Appellant
Versus
G. E. MONEY FINANCIAL SERVICES LTD. – Respondent
ORDER
Thiru J. Jayaram, Judicial Member - The case of the complainant is as follows:
The complainant availed loan of Rs. 40 lacs from the opposite parties, and for this purpose, at the time of availing the loan, he deposited the following original documents with the opposite parties: (a) Original Sale Deed registered as Doc No. 2408/1963, dated 27.4.1963, SRO: Coimbatore; (b) Original Sale Deed registered as Doc No. 1714/1975, dated 25.4.1975, SRO: Coimbatore; (c) Will dated 28.3.2006, registered as Doc No. 1820/2006, SRO: Coimbatore; (d) Receipt No. 1659; (e) Receipt Nos. 1897 and 1898; (f) Encumbrance Certificate, dated 28.2.2003; (g) Tax Receipt, dated 22.3.2005; and (h) Tax Receipt, dated 22.3.2005. The opposite parties agreed to release additional loan as and when required by the complainant, but however, the opposite parties refused to release the additional loan as agreed to, and so the complainant decided to avail Home Equity Loan from Cholamandalam DBS Finance Limited for Rs. 75 lacs on depositing the original title deeds and other relevant documents. Though the Cholamandalam DBS Finance Ltd. agreed to disburse loan of Rs. 75 lacs, they released only Rs. 40 lacs being the am
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