About 5 years back (dt.28.09.2005), I had applied for the sanction of house loan in the prescribed form without any documentation to SBI Main branch Korba (CG) as registry of the plot was due to be done in favour of me. Surprisingly, the bank manager sanctioned the loan of Rs.5, 50, 000/= against construction of house and that too disburse the same (full amount) to the builders on same day i.e. on 28.09.2005 without any works in single instalment. The builder had started the works of construction after vigorous persuation and complaints to the bank but since the builder had received the full amout of loan without any works, he left the site uncompleted and I am facing lot of problems as bank management is pressing hard to deposit EMI which I have stopped to deposit after notice of this to the bank authority since last 3 years. I am regularly complaining against the bank authority for their unlawful act of sanction of loan and thereby disbursement of loan amout since last 05 years but result is big zero. Please help me if possible.
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