[Resolved]  ICICI Bank Home Loan — Property papers not transferred to my account

I am Vinod Maheshwari; I have taken a Home Loan from ICICI Bank, Sector 50, Noida Branch on Date 7th March 2007.

My Home Loan Details are
1. LBDEL[protected] (Primary Home Loan)
2. LBNOD[protected] (Top-up Loan)

I have purchased this house from Mr. Khemchand. He was also having the home loan and top-up loan from the ICICI bank.

In October 2007, I came to know that Mr. Khemchand was paying the EMI on his home and top-up both loans.

Then I and Mr. Khemchand have contacted to bank, we met Mr. Vikas Chowdhary (Area Operation Manger) regarding this issue.

As Per Mr. Vikas, Bank was not able to close Mr. Khemachand’s home loan account as they have forgotten to deduct the his top up loan money from My new Home Loan amount. Due to this reason the property papers was not transferred to my home loan account.

I have shocked as legally I am the owner of that property and as per bank I have no roll on property I am just paying the EMI for nothing.

After several visit of the branch and huge effort of Mr. Vikas Chowdhary, bank has closed the home loan of Mr. Khemchand, So Mr. Khemchand Home loan EMI has been closed in November. But bank has not closed his top up loan as there is some technical problem; due to this my property paper has still not been transferred to my account.

I have discussed the same many times with Mr. Vikas, but I did not get any proper response from his side and the situation of the issue still same for me.

Mr. Khemchand has to pay EMI for 5 years, as remaining period for his top-up loan. Till that I can not sell or transfer my property to any body.
As per Indian law I am the owner of the property and bank is not showing the same then why I am paying the EMI.

I am putting this mail to following ICICI personnel also:
1. Mr. Vivek Agarwal – ACM Home Loans on 7th March 2007 in Noida Branch
2. Mr. Sharad Mittal – RBH Delhi on 7th March 2007 in Noida Branch
3. Ms. Sarika Nigam RM-Home Loans on 7th March in Noida Branch
4. Mr. Vikas Chowdhary

Regarding this issue I would like to ask following question from bank:
1. Why the Bank personnel has missed to deduct Top-up loan of my property previous Owner.

2. If bank is so careless about their own money, then how can I believe on bank that they will keep my property papers secure?

3. When Mr. Vikas came to know about the issue why he has not try to close both loan of my property previous owner’s loan simultaneously. Because now to catch Mr. Khemchand is not easy as he has no problem to pay EMI on top-up loan.

4. I am paying the 12% as interest rate on my Top-up loan, where as other bank has been reduced the interest rates. I can still pay at high rate if your bank has been care for my issue. It is now become one year all-to-gather, and no response of bank.

After seeing following condition I have no option left to stop EMI and deposit the EMI in court with taking legal help.

I would still like to escalate this issue to you all as I want to give a chance to prove the credibility of bank.

I suffered mentally so much due bank mistake. Hope you will response positively after this mail.

Stll I am awaiting resolvance of issue.


Thanks in advance


Regards,



Vinod Maheshwari
B703, Sahara Apartment,
Plot No.11, Sector-6,
Dwarka, New Delhi -110075
Ph. No. +[protected]
Mobile: +91-[protected]/[protected]