Borrower obliged to repay housing loan despite incomplete construction
June 17, 2026
The Supreme Court rejected a borrower's appeal who never received the home he purchased. Despite the incomplete construction, the borrower is obliged to repay his housing loan. The decision is based on the contract he signed for the loan, which binds him to pay. The bank was not required to ensure the completion of the property. The case highlights the importance of contractual obligations in loan agreements.