Home loan from L&T Housing Finance

Hi, Have taken home loan from L&T housing finance in 2015 & since then have paid regular EMI. PreEMI & Interesnt (as its paid in initial years of Loan tenure) put together, i have already paid around 28 to 30 L INR. So far, the EMI is being deducted from ICICI bank through ECS direct Debit on 7th Day of every month. All good till here ... The chronology of events are ... > Builder has not completed the construction & there is no sight of registration. > Got to know that builder has been jailed in some fraud case (Not aware of the details). The builder & his staff is not contactable Or they dont respond to Calls / emails / Whatsapp etc > Considering above, we feel that we have been cheated by the builder & bank nexus & we decided to surrender the property and stop the EMI > We have reached out to ICICI bank asking them to stop ECS debit. However, they have not been helpful & EMI has been debited this month as well (May'23) > We have already intimated to L&T finance group in writing (email correspondence) that we will not be able to continue with EMI till we get the property registered / or has some insight about it. > L&T has been insisting us to continue with EMI payments & reach out to builder for possession / registration Current status: We are shunting between Builder (who is not responding & contactable). Housing Finance group (who is insisting on continuation of EMI) and Bank (who is not helping to stop ECS debit) Questions: What options to do I have in such scenario ?