LIC Housing Finance directed to correct PAN linkage error, pay ₹40,000 compensation to customer in Kalaburagi
The District Consumer Disputes Redressal Commission in Kalaburagi has ordered LIC Housing Finance to pay ₹40,000 in compensation for a PAN linkage error. The error negatively impacted the customer's credit score, and the company failed to resolve the issue despite multiple requests.
Why it matters
This case underscores the importance of consumer protection laws in holding financial institutions accountable for administrative errors that damage personal credit.
The District Consumer Disputes Redressal Commission, Kalaburagi, has directed LIC Housing Finance Limited (LIC HFL) to rectify a PAN linkage error and pay ₹40,000 as compensation and litigation costs to a customer.
The report is a straightforward summary of a legal judgment and consumer dispute.
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