IDBI bank to pay Rs 3.5L for losing title deeds of borrower
Agencies: New Delhi, Nov 21 2012, 15:03 IST
had lost the title documents from its custody.
IDBI Bank while admitting that the documents were lost, had contended that loss of documents was not intentional and they were lost by the courier company in transit.
The forum, however, rejected the bank's contention saying "it cannot split liability between it and the courier service" and directed it to pay compensation of Rs three lakh to Kainth for harassment suffered by him and also awarded him Rs 50,000 as litigation expenses.
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