Bank­ing Court sum­mons 6 con­sumer bank­ing heads

UBL, NIB, Faysal banks are barred from grab­bing and auc­tion­ing con­sumers’ cars

The Pak Banker - - Front Page - M Ja­hangir Hayat

LA­HORE

Bank­ing Court No-4 Thurs­day barred six banks from snatch­ing and auc­tion­ing leased cars of their clients who moved the court against the lenders. The banks which were stopped from snatch­ing and auc­tion­ing cars in­cluded United Bank Lim­ited (UBL) Aftab Cen­tre Davis Road branch, NIB Bank Squire branch.

The con­sumers in their plea com­plained that the banks with the help of ‘Ghoonda el­e­ments’ had ei­ther il­le­gally snatched their leased cars or re­fused them NOCs, orig­i­nal reg­is­tra­tions and other clear­ances de­spite com­plete pay­ments of their in­stall­ments. Ah­mad Awan of Sabza­zar Scheme told the court that he availed auto loan from the UBL branch and cleared all the in­stall­ments but the bank re­fused him the orig­i­nal reg­is­tra­tion, ex­cise file il­le­gally.

Nosheen Ilyas said that she got loan for Suzuki Alto from UBL and had paid all the dues but the lender had snatched her car forcibly. Shoaib Man­soor, a con­sumer of NIB Bank com­plained against the bank that he at­tained car loan fa­cil­ity from the bank for pur­chas­ing Toy­ota Corolla. He said that he had paid all the in­stall­ments but the bank had il­le­gally snatched his Toy­ota Corolla.

An­war moved the court against UBL for not hand­ing over NOC of Suzuki Bolan 2008. An­other com­plainant Wasim As­lam said NIB con­sumer bank­ing di­vi­sion snatched his Suzuki Alto de­spite pay­ment of all in­stall­ments.

Like­wise, Im­ran Khan of Multan Road com­plained that NIB Bank, Bank Squire branch’s pri­vately hired mafia snatched from him Hyn­dai/ Santro Club re­gard­less of the fact that he had com­pleted all pay­ments.

The bank­ing court sum­moned the con­cerned of­fi­cials from the banks with state­ment of ac­counts on Novem­ber 28 and 29 be­sides bar­ring the banks from auc­tion­ing dis­puted au­tos and il­le­gally snatch­ing cars from the con­sumers. Ear­lier on Novem­ber 21, the bank­ing court sum­moned seven of­fi­cials of con­sumer bank­ing di­vi­sions of UBL DHA, Davis Road, NIB Nila Gum­bad, Bank Al­falah Town­ship and Faysal Bank Wal­ton Road for snatch­ing leased au­tos from their clients. The Bank­ing Court-4 judge Am­jad per­vaiz sum­moned the of­fi­cials on De­cem­ber 6 with state­ment of ac­counts.

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