Legal action in case of Loan
Sir, As per the bank advertisement on their web site - collateral free loan for micro industries I approached bank manger.He said he will process loan and insisted me to lease building for the unit.I leased building at monthly rental of 18000rs .Three months passed and he keep telling application sent for regional office wait for two days.After three months financial loss i compliant to higher management.In this regard manager lied to to management i did not submit any documents.Unfortunately i did not take acknowledgements for 3 months.But i have emails.Regional manger said to manager to take documents freshly and sent to regional office so that they will process loan in a week.After this i submitted all documents and took acknowledgements.And also they made me to open a bank account .Another 4 months completed but loan process has become indefinite they are not telling stipulated time for loan process even after 7 months. When i ask branch they are saying there is no update form the Regional office.When i check with regional office they are saying to check with branch.Since 7 months mentally suffered and in financial loss of 7 months rent around 1.5 lack.Also i wasted 7 months in my life just roaming around bank.I complaint to higher authorities but no response.Kindly advice me am i eligible to file compliant in consumer forum. Your early response appreciated in this regard. Thanks
You may file a consumer case against the bank but there are some faster options available to you in this case:
 Nodal list available at: http://www.iba.org.in/nodallist.asp
 Available at: http://dpg.gov.in/Home.aspx
Book a phone consultation with a top-rated lawyer on Lawfarm.