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LIC Housing Finance asked to pay Rs 10 lakh after losing borrower’s original property papers

The Delhi State Consumer Disputes Redressal Commission has upheld a Rs 10 lakh compensation order against LIC Housing Finance for losing a borrower's original property documents after full repayment of a housing loan, holding the company guilty of deficiency in service. A bench comprising Justice Sangita Dhingra Sehgal (President) and Pinki (Member Judicial) dismissed the appeal filed by LIC Housing Finance and upheld the findings of the district forum that the lender failed to return the...

Times of India 2d ago