LatestLegal Updates 8 July 2026
CIBIL Update Issue
A consumer court in Haryana's Karnal district has ordered a bank to pay a customer Rs 20,000 as compensation for not updating the customer's CIBIL record after the customer had paid the loan in full, the court also directed the bank to issue a no dues certificate to the customer
A recent consumer court ruling has emphasized the importance of timely updates to credit records.
The court ordered the bank to pay the customer Rs 20,000 as compensation for the distress caused by not updating the CIBIL record.
- The customer had paid the loan in full but the bank failed to update the record,
- The bank was also directed to issue a no dues certificate to the customer,
- This ruling highlights the need for banks to ensure that customer credit records are accurate and up-to-date
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