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Court awards Rs 2.5 lakh compensation as bank loses original land title document
The district consumer commission, Thrissur, has held the Central Bank of India liable for losing an original Pattayam (land title document) deposited as security for an agricultural loan, observing that the bank's negligence restricted the property owner to fully exercise her rights over the land. The commission directed the bank to pay Rs 2.5 lakh as compensation and Rs 10,000 towards litigation costs, both carrying interest at 9 per cent per annum until realisation. What was the dispute...