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HIMACHAL PRADESH STATE CONSUMER DISPUTES REDRESSAL COMMISSION, SHIMLA
Sunita Sharma (Presiding Member), *R. K. Verma (Judicial Member)
Malaya Baidya v. State Bank of India (Earlier Known as State Bank of Patiala)
| Table of Content |
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| 1. the basis of a complaint in the context of a loan agreement. (Para 1 , 2 , 3) |
| 2. dispute regarding the adjustment of loan payments and applicable banking practices. (Para 9 , 10) |
| 3. the binding nature of loan agreements and implications of provided evidence. (Para 11 , 12 , 13 , 14) |
| 4. final judgment confirming the dismissal of the appeal. (Para 15) |
1. This appeal has been preferred under S.15 of the Consumer Protection Act, 1986 (hereinafter called as the Act) against order dated 17.5.2019 passed by District Consumer Disputes Redressal Forum, Kangra at Dharamshala, whereby Complaint No. 115/2018 filed by the complainant under S.12 of the Act was dismissed.
2. Briefly stated, facts giving rise to the present appeal may be stated thus. The appellant had approached the respondent bank for grant of house loan during the year 2011. The respondent bank accordingly sanctioned and disbursed him housing loan to the tune of Rs.10,00,000 on 15.5.2011. This loan was to be repaid in 120 monthly installments. The appellant claims that as per repayment schedule issued by the respondent bank, EMI of this loan was Rs.10,507.88. The appellant further claims that he had been regularl
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