623+ Lawyers are online 
Reporting to CIBIL after 30 days of closure of Loan Account
27-May-2023 (In Consumer Court Law)
Brief Facts - The Loan was taken from A Bank. It was settled in 2012. Payment made as per Settlement. Thereafter A Bank assigned the said settled & closed Loan to B Bank, then B Bank started reporting to CIBIL, showing as default from 2012 to 2014 for 900 days. The last Reporting & Certified date done by B Bank in the CIBIL is Oct 2014. Whether the assignment of Closed & Settled Loan and then reporting after 2 years to CIBIL is not against the Section 22 of The Credit Information Companies Rules 2006, which says that reporting must be done within 30 days of closure of Loan account ? Whether the Borrower is entitled to invoke the jurisdiction of the Consumer Court for deficiency in service by A & B Bank and deletion of name from CIBIL ? Whether it is necessary to array the "CIBIL" as party in complaint ?
Yes it's clear case of deficiency of service, it will score you negative in your CIBIL report, you must get It rectified.
File your complaint to Consumer Forum, and both parties are necessary parties.
Bank have to pay damages for wrong reporting and CIBIL have to rectifyit in its record. For more info fee free to call
File your complaint to Consumer Forum, and both parties are necessary parties.
Bank have to pay damages for wrong reporting and CIBIL have to rectifyit in its record. For more info fee free to call
Helpful?
20+
20+
Adv. Jagan Nath Bhandari
Chandigarh | 200+ Answers
CONTACT NOW
Sir, you have not clarified if the No Dues Certificate was issued to you by Bank "a" or not otherwise there is apparently no point in assigning a settled and closed account, if actually it is so, it is a sure case of negligence and deficiency of service by both the banks, you can file consumer complaint. There is no need to array CIBIL as a party as it acts on the instructions/ information provided by the banks only.
Helpful?
17+
17+
Adv. Rajnish K Jindal
Chandigarh | 25+ Answers
CONTACT NOW
Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to address the specific facts and details.
Connect with top Consumer Court lawyers for your specific legal issue
No Comments! Be the first one to comment.
"lawrato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."
