Madras High Court directed a bank to give loan to an engineering college student in a week’s time after the applicant took back the complaint against bank officials.
Disposing an appeal, Justice K Venkatraman noted the evidence of the bank made through its lawyer and ordered it to sanction the education loan.
In his petition, R Premkumar of Kollamcode in Kanniyakumari District, a diploma-holder in mechanical engineering, said he had taken admission in the II-year BE course in the Dr Sivanthi Aditanar College of Engineering, Tiruchendur, during 2007-2008.
He had applied for a loan in the Kollamcode Branch of the State Bank of Travancore, under the Gyan Jyothi Education Loan Scheme. His father had an account in the bank branch for 20 years.
But, the manager had kept delaying the matter without any valid reason. He and his father met the official several times, but the officer did not get a proper reply for the delay.
Therefore he had to borrow Rs 40,000 from a private lender to pay his fees.
He filed a complaint against the manager with the bank Head Office at Thiruvananthapuram.
The head office forwarded the complaint to the Deputy General Manager, Zonal Office, Chennai.
Premkumar brought the matter into the notice of the Banking Ombudsman Manger, Chennai, but there also the matter was treated as closed without an enquiry.
He appealed the court to order the bank for sanctioning the loan for the academic years 2008-09 and 2009-10 so that he can complete his course.
When the matter was put before the Justice K Venkataraman, counsel for the bank, in its defense submitted an application that in view of the petitioner complaints against the bank officials, the amount could not be given.
If the petitioner withdraws his complaints, he said, there won’t be any problem in granting the loan. In turn the petitioner’s counsel agreed to the requirement.
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