Date of Filing: 13.10.2015 Date of Disposal 06. 03.2026 :

BEFORE THE KARNATAKA STATE CONSUMER DISPUTES REDRESSAL COMMISSION, PRINCIPAL BENCH DATED, THIS THE 06 ^rH DAY oF MARCH 2026 PRESENT HON,BLE MT JUSTICE T G SHIVASHANKARE GOWDA:

PRESIDENT HON,BLE MTS DIWASHREE M:LADY MEMBER sc/29/ Al92s/2OLs 1. Mr Paramjeet Singh Aged about 32 ^years S/o Mr Tevinder Singh Mehta Presently residing at 1219 Udani Layout Cambridge Road, Ulsoor Bengaluru-560 008

2. Mr Bhavjeet Singh Mehta Aged about 34 ^years S/o Mr Tevinder Singh Mehta Residing at t2/9 Udani Layout Cambridge Road, Ulsoor Bengaluru-560 008 Now at No.609, Saraswati Vihar Behind Sahara Mall Gurgaon-122 001 Haryana Represented by hls GPA Holder Mr. Paramjeet Singh Appellants (By Mr Arjun Rego, Advocate)

129 I -Versus-

1. Housing Development Finance Corporation Limited A body incorporated under the Provisions of the Indian Companies Act, 1956 Having its Head Office at No,51 HDFC House, Kasturba Road Bengaluru-560 001 Rep. by its Manager

2. Housing Development Finance Corporation Bank Limited A body incorporated under the Provisions of the Indian Companies Act, 1956 Having its Branch Office at No.548-D, 2nd Floor Maruti Mansion, CMH Road Indiranagar, Bengaluru-560 038 Represented by its Branch Manager (By Mr. Mohan Malige Advocate for Rl and R2) Respondents : ORAL ORDER:

:

PER MT JUSTICE T G SHIVASHANKARE ^GOWDA:

PRESIDENT This Appeal is filed U/S 15 of the ^Consumer Protection Act, 1986 by Complainants challenging ^the Order dated 14.09.2015 ^passed in Consumer ^Complaint I No,699/2014 by the Bengaluru Urban Additional ^District Consumer Disputes Redressal Commission, Bengaluru ⁽ⁱⁿ short, the Dlstrict Commission).

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2 Appellant No,1 and 2 were the Complainants and Respondent No.1 and 2 were the Opposite Parties ^No'1 and 2 (in short OPs) before the District Commission. ^For the sake of convenience, the rank of the ^parties shall ^be referred to as per their status before the ^District

Commission.

3.

The brief facts of the case are that; the Complainants are employees of M/s Hewlett Packard, ^{Bengaluru. They} approached M/s SAF Infrastructure, a ^{partnership firm} engaged in real estate development and ^{booked a} in residential apartment bearing No.307 SAF ^Tejas Bloomingdale, Pai Layout, Bengaluru ^{for total} consideration of Rs.30,00,340/'. ^{They paid an advance} amount of Rs.1,00,000/- on ^{19.10.2011, Rs.4,00,000/-} and Rs.5,00,000/- on 06.01.2012 ^{by way cheques drawn} at Vijaya Bank and Canara Bank in ^{favour of OPs.}

3(a). The Complainants were in need of ^{Rs'15 lakhs} to pay balance of sale consideration and ^{arranged an} additional amount of Rs.5,00,340/- ^{themselves. The OPs} had pre-approved the ^project of M/s SAF ^{Infrastructure.}

^l92s Upon verification of the documents, OPs have sanctioned the loan of Rs.15,00,000/- on 2L.02.2012 after collecting processing charges of Rs.8,2731-.

3(b). On the

16.02.20t2, Complainants have received an e-mail from the OPs confirming sanction of loan. On 20.03.20L2, when the Complainants approached the OPs regarding further formalities, they were informed that the said flat was already been sold to one ^{Mrs. Vinaya} Yashwant Rao and expressed their inability to disburse the loan to the Complainants stating that the loan ^was

3(c). The Complainants later came to ^know that ^{OPs had} processed the loan in favour of Mrs. Vinaya Yashwant Rao by relying on documents obtained earlier' ^The Complainants have approached OPs ^prior to ^Mrs., processed in favour of Mrs. Vinaya Yashwant Rao. Yashwant Rao and have completed all the formalities. ^The act of OPs in denying to releasing the loan caused ^the Complainants in huge loss.

3(d).

The Complainants have filed a suit against the

Builder M/s SAF Infrastructure and Mrs. Vinaya Yashwant Rao ln O.S No.25822/20L2 before the Additional City Civil Judge, Mayo Hall, Bengaluru. Hence, pleading deficiency in service and sought compensation of Rs.15,00,000/-

from the OPs.

4.

Before the District Commission, OPs have opposed the Complaint by filing their version, adm