In Reply To :
Housing Finance Limited not giving loan cheques to sellers
In the light of the given facts, you need to serve a legal notice to the financer as there was no precondition of it to issue the Cheque to seller after the Namantran. This is clearly a violation of the condition. Banker can definitely obtain an affidavit from the buyer that he shall be responsible to get deposited the said document within the stipulated time failing which certain penalty may also be got imposed but fianancer cannot be allowed to one hand charging the interest on the borrowed money and on the other hand retaining entire amount with it.