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Excessive late fees fine by private college


08-Mar-2024 (In Civil Law)
I m doing pgdm from imm delhi college and I take a loan from pnb bank and it take 2 month to approved which cross me 1st installment date and they late fee fine 65k (500 /day ) and after I submit first they 2installment date come with in a month and I was unable to pay that time and than they fine me 31k for late submissio and has a rule that we have submit 5%of installment before dispersed that total 5.76lkh rupees out of total fees 8.76lkh and I m belong from ews category.
Answers (1)

Answer #1
848 votes
You have a legitimate ground to file a consumer case against the bank due to their inadequate service, resulting in penalties and late fees for your college fees. Consumer court civil proceedings entail presenting your case before a consumer forum, seeking compensation or resolution for grievances against a service provider, in this case, the bank. It's essential to gather evidence and follow the legal procedures diligently for a favorable outcome.
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