Chased for Rs 30K loan he never took; commission orders CIBIL fix, Rs 35K relief
Direct Source Verification:
This story is aggregated from The Times of India (timesofindia.indiatimes.com). Full reporting rights and copyright belong to the primary publisher.
In a recent ruling, a consumer commission addressed the distressing case of a man wrongly pursued by CapFloat Financial Services and Karur Vysya Bank for a loan he never authorized. Despite his lack of application, he faced persistent demands for repayment. After legal action and...
In a recent ruling, a consumer commission addressed the distressing case of a man wrongly pursued by CapFloat Financial Services and Karur Vysya Bank for a loan he never authorized. Despite his lack of application, he faced persistent demands for repayment. After legal action and police involvement, the commission mandated the financial institutions to amend his credit history and awarded him compensation for mental distress and legal fees.
Original Source
https://timesofindia.indiatimes.com/legal/news/a-man-received-demands-to-repay-a-rs-30000-loan-he-never-took-and-faced-legal-proceedings-that-threatened-his-credit-record-consumer-commission-order-has-now-held-two-lenders-responsible-directing-them-to-clear-his-credit-record-and-pay-rs-35000-in-compensation/articleshow/135445128.cms
