deduction made by bank management from arrears, although i a
NAYAK MAFATLAL GORDHANDAS
(Querist) 08 September 2010
This query is : Resolved
I am under suspension from 25/11/2009,getting 1/2 salary as subsistance allowance from 4th month after suspension.I was branch manager in dena bank as on suspension.As per wage settlement between iba and bank unions, bank has paid me the arrears from November 2007, but deducted a big amaunttowards overdue loan instalements not deducted after my suspension,pl. tell me weather it is legal deduction made by the management ?
I am of the opinion that i have paid regular loan instalments upto 25/11/2009, but after that as pernorms bank have not deducted loan instalments, so i say i am not defaulter,and bank should refund the deducted amount, i have made appeal tothe bank, but not responded till today, now, what to do, please guide and help me
s.subramanian
(Expert) 09 September 2010
file a writ petition for relief.
Parthasarathi Loganathan
(Expert) 09 September 2010
Since Loan instalments could not be recovered from montly subsistence allowances during the period of suspension it is not correct to state that Bank has failed to recover the instalments.
