BHARATKUMAR PANDYA, A. P. SAHI
IDBI Bank Ltd. – Appellant
Versus
Bijth Simon – Respondent
ORDER
Bharatkumar Pandya, Member.—The present Revision Petition has been filed by the Petitioner/OP against the order dated 25.10.2021 passed by the State Consumer Disputes Redressal Commission, Bengaluru (Principal Bench), in First Appeal No. 67 of 2021 arising out of the order dated 10.12.2020 passed by the District Consumer Disputes Redressal Forum, Banglore I, Shanthinagar, in Complaint Case No. 1673 of 2019, which was originally filed on 25.10.2019. The Petitioner/OP is aggrieved by the impugned order whereby the State Commission upheld the findings of the District Forum and dismissed the appeal filed by OP/Petitioner.
2. The complainant took a home loan of Rs.15,00,000/- from the Opposite Party-IDBI Bank on 15.03.2015 by mortgaging his property bearing No. 899, N-MIG-B, Ground Floor, Yelahanka New Town, Bangalore. He deposited the original title documents of the said property with the bank as security and signed all necessary loan documents. After paying the loan regularly, the complainant decided to sell his property for Rs.23,50,000/-. Accordingly, on 20.03.2019, he entered into an agreement for sale with one Mr. Ramesha C.N. for the said amount. Later, after clearing the ent
Home Loan – Reduction in sale consideration, though indicative of financial prejudice, cannot be wholly attributed to loss of Title Documents or quantified solely on the basis of sale documents.
Legal Title - The legal title of the complainant does stand compromised on account of the loss of the original documents by opposite party 1.
Original property documents are very valuable and essential documents for owner of a property and its non-availability with him brings many adverse impacts/consequences.
Consumer Dispute – By no stretch of imagination, the receipt of amount more than Rs.20,000/- without cheque is not relevant issue for adjudication of the consumer disputes between the respondent and ....
Loss of Sale Deed - There is no doubt that the Petitioner Bank was responsible for the loss of the Sale Deed. The Petitioner being entrusted with the document relating to the Property of the Responde....
National Commission – Revisional Jurisdiction of National Commission under Section 21(b) of the Consumer Protection Act, 1986 is extremely limited.
Revision under Section 21(b) of Act, 1986 confers very limited jurisdiction on National Commission.
National Commission, in exercise of its revisional jurisdiction, is not required to re-assess and re-appreciate the evidence on record when the findings of the lower fora are concurrent on facts.
Banks have a legal responsibility to safeguard original title documents and are liable for any losses incurred due to negligence in their custody.
:(1) Unfair Trade Practice – Inviting bids based on false information regarding the legal status of the vehicle constitutes a clear Unfair Trade Practice.(2) Repossessed Asset Auctions – Financial in....
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