1 month ago
Axis Bank Ordered to Pay ₹15.5 Lakh After Losing Deed
A couple in Delhi paid a big loan to buy a house.
When they finished paying, they asked the bank to give back the original papers that prove they own the house.
The bank lost those papers.
The couple asked for help from a special group that deals with consumer complaints.
The group said the bank should pay them money for the loss.
The bank was ordered to pay ₹15.5 lakh.
If the bank does not pay on time, it must also pay extra interest.
The case shows that banks must keep important documents safe.
Axis Bank lost the original sale deed of a Delhi property after the loan was repaid.
The Delhi couple sought the return of the deed and compensation for the loss.
The Banking Ombudsman awarded ₹5 lakh, but the couple felt it was insufficient.
The Delhi State Consumer Disputes Redressal Commission ordered Axis Bank to pay ₹15.5 lakh.
Failure to pay within two months would trigger 9% annual interest from the loan repayment date.
- Who
- Delhi couple and Axis Bank
- What
- Loss of original property documents and compensation
- Where
- Delhi, West Delhi
- When
- After loan closure in March 2021
- Why
- Bank misplaced the original sale deed
Key facts
- Loan amount
- ₹1.41 crore
- Compensation awarded by commission
- ₹15.5 lakh
- Bank
- Axis Bank
- Property location
- DLF Capital Green, Karampura, West Delhi
- Commission
- Delhi State Consumer Disputes Redressal Commission











