Exporter who lost 21 lakhs due to a small mistake by the bank.

Exporter who lost 21 lakhs due to a small mistake by the bank.

The bank helps the exporter in various ways.
An exporter lost Rs 21 lakh due to one such bank error.
He sent goods worth Rs 21 lakhs abroad through DP payment method and submitted the documents to the bank.
For this order, he mortgaged his house and took a loan of Rs 15 lakh from the bank.
The bank has sent the documents directly to the importer instead of sending them to the importer's bank.
This is entirely the bank's fault.
The bank covered up the mistake and put the blame on the importer's bank.
Importers Bank has completely rejected this.
It has been more than ten years since this happened.
The importer has sought legal assistance.
He has not received justice till date.
Has paid off the mortgaged house.
But the 21 lakhs due to him is yet to come.
The consignment was taken over by the importer and sold.
See how an exporter has been affected by a bank mistake.
To avoid such a problem the exporter should directly check that the importer bank address is correct when the bank forwards the documents.

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