https://www.taxtmi.com/caselaws?id=176016 The court held in favor of the petitioners, finding that the bank's unauthorized deductions, charging of interest with quarterly rest, calculation errors in EMIs, and unilateral changes to loan terms were unlawful. The petitioners' loan was deemed fully satisfied upon payment of the 120th monthly installment by a specified date. The bank was directed to recast the account, refund excess deductions with interest, and pay costs to the petitioners. The court criticized the bank's actions as high-handed and unreasonable, emphasizing the importance of compliance with loan terms and legal standards. en-us Wed, 01 Apr 1998 00:00:00 +0530 Thu, 10 Dec 2015 14:04:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176016 The court held in favor of the petitioners, finding that the bank's unauthorized deductions, charging of interest with quarterly rest, calculation errors in EMIs, and unilateral changes to loan terms were unlawful. The petitioners' loan was deemed fully satisfied upon payment of the 120th monthly installment by a specified date. The bank was directed to recast the account, refund excess deductions with interest, and pay costs to the petitioners. The court criticized the bank's actions as high-handed and unreasonable, emphasizing the importance of compliance with loan terms and legal standards. Case-Laws Indian Laws Wed, 01 Apr 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176016