I feel Ram Naresh is equally to be blamed for his ordeals. The reason being when he had signed the loan agreement, he should ahve verified the foreclosure condition as to when he can forclose & penalty. Also at the time of giving auto debit instruction the the bank he should have insisted in getting back his cheques.The rule of commercial law is buyers beware, in the same way the person who avails the loan must be very prudent enough to go through the conditions and not blame the bank for his ignorance.
