The defendant applied for a housing loan from the applicant bank in December 2017 and was granted a loan of Rs. 37,58,898 along with a life insurance policy in January 2019. The defendant failed to repay the loan and their account was declared non-performing in April 2022. A demand notice was issued to the defendant in May 2022 requesting payment of the outstanding Rs. 37,58,898 but they have still not paid the amount, leading the applicant bank to bring the case before this tribunal in June 2022.
The defendant applied for a housing loan from the applicant bank in December 2017 and was granted a loan of Rs. 37,58,898 along with a life insurance policy in January 2019. The defendant failed to repay the loan and their account was declared non-performing in April 2022. A demand notice was issued to the defendant in May 2022 requesting payment of the outstanding Rs. 37,58,898 but they have still not paid the amount, leading the applicant bank to bring the case before this tribunal in June 2022.
The defendant applied for a housing loan from the applicant bank in December 2017 and was granted a loan of Rs. 37,58,898 along with a life insurance policy in January 2019. The defendant failed to repay the loan and their account was declared non-performing in April 2022. A demand notice was issued to the defendant in May 2022 requesting payment of the outstanding Rs. 37,58,898 but they have still not paid the amount, leading the applicant bank to bring the case before this tribunal in June 2022.
17/12/201 Loan Application Form given by the Defendant
8 to the Applicant Bank for Housing Loan
17/01/201 Respondent executed loan agreement of
9 Housing Loan and Life Insurance for an amount of Rs.37,58,898
04/04/202 The Defendants miserably failed to repay the
2 loan of petitioner bank hence the account of defendant was declared as Non-Performing Accounts.
13/05/202 Loan Recall cum Demand Notice was issued by
2 applicant bank to defendants wherein as demand of Rs.37,58,898/- was made from the defendants. The Defendant till date has not paid the amount of the petitioner.