(908) AKBAR SHAIKH AND ANOTHER Vs. INDIABULLS HOUSING FINANCE LIMITED [NATIONAL CONSUMER DISPUTES REDRESSAL COMMISSION] 28-12-2022
In March, 2007, loan in the sum of Rs.49,00,000/- was disbursed to the complainants to be repaid in 144 equated monthly instalments (EMI) of Rs.71,974/- per month. Accordingly, the EMIs started in April 2007, and first EMI was paid on 05.04.2007. However, the pre-EMIs were also paid in January, February and March,2007. In June, 2007, the OP increased the EMI amount to Rs.75,197/- from Rs.71974/-.
India Law Library Docid # 1867575