I’ve been fighting a case against my builder for 7 years. Finally, the State Commission in Delhi ordered them to release the Fixed Deposits (FDs) as the first payment. But, ICICI Bank won’t accept them even though they are endorsed by the Commission. How can I get the payment released? What steps should I take to get my money?

Apni Law
Apni Law
Law Forum › Category: Consumer Court › I’ve been fighting a case against my builder for 7 years. Finally, the State Commission in Delhi ordered them to release the Fixed Deposits (FDs) as the first payment. But, ICICI Bank won’t accept them even though they are endorsed by the Commission. How can I get the payment released? What steps should I take to get my money?
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Apni Law Staff asked 11 months ago

I’ve been fighting a case against my builder for 7 years. Finally, the State Commission in Delhi ordered them to release the Fixed Deposits (FDs) as the first payment. But, ICICI Bank won’t accept them even though they are endorsed by the Commission. How can I get the payment released? What steps should I take to get my money?

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Best Answer

Apni Law Staff answered 11 months ago

Since the State Commission has ordered the release of the FDs, you can approach the Delhi High Court with a petition seeking enforcement of the Commission’s order. You should also file a complaint with the Banking Ombudsman against ICICI Bank’s refusal to release the FDs.

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