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Purchased new car on wife's name and bank disbursed loan on my name


14-May-2026 (In Consumer Court Law)
I purchased a new car. The booking, GST tax invoice, and RTO registration (BH Series) were done legally in my wife's name. However, the bank negligently disbursed the loan in my name without making my wife a co-applicant. To fix their audit failure, the dealership and bank are now proposing to retroactively cancel my wife's GST invoice, issue a new primary invoice in my name, and process an RTO 'name correction' so the RC shows me as the 01 First Owner. They are asking for my KYC and Form 60 to
Answers (3)

Answer #1
845 votes
Dear Sir, From the facts stated, the vehicle was originally purchased, invoiced, taxed, and registered legally in your wife’s name. The subsequent proposal of the bank and dealership to retrospectively cancel the GST invoice and alter the RC ownership merely to rectify their internal loan processing lapse appears legally questionable and may have future implications relating to ownership, taxation, insurance, and resale. Accordingly, you should not sign any fresh KYC, Form 60, consent, or correction documents unless the bank, dealer, and concerned RTO provide proper written clarification and legal justification for such proposed changes. Prima facie, the error appears attributable to the bank/dealership and the same cannot ordinarily be shifted upon the consumer.
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Advocate Devashish Dilip Wani

Adv. Devashish Dilip Wani

LawRato Mumbai | 25+ Answers
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Answer #2
893 votes
Do not comply with their request. Retroactive cancellation of a GST invoice and falsifying RTO records to cover a bank's audit failure is illegal and creates severe tax liabilities for you. Since the vehicle registration and tax invoice are legally in your wife's name, she is the rightful owner.
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Advocate Pankaj Bajaj

Adv. Pankaj Bajaj

LawRatoMumbai | 1000+ Answers
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Answer #3
873 votes
From the facts stated, the vehicle was originally purchased, invoiced, taxed, and registered in your wife's name, whereas the loan appears to have been disbursed in your name. Any proposal to retrospectively cancel invoices, alter ownership records, or process corrections should be approached with caution, as it may have implications under taxation, registration, insurance, and financing laws. Before signing any document or providing fresh KYC details, obtain the bank's and dealer's complete proposal in writing, along with the legal basis for the suggested corrections. The consequences of such changes must be carefully examined to ensure that your rights are not adversely affected. Kindly share the loan documents, invoice, RC, and correspondence from the bank/dealer for a detailed legal opinion regarding the legality and risks involved in the proposed course of action.
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Advocate Sanket Ganpat Khamkar

Adv. Sanket Ganpat Khamkar

LawRatoNavi Mumbai | 5+ Answers
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