Alert - Home Loan

Have come across an interesting case and thought i will share it with you.

A friend of mine was considering a resale apartment in Kaggadaspura.

ICICI bank refused loan saying that it doesn't have BBMP or BDA approval.

Interestingly, the same bank (ICICI) has  given the loan to its existing owner in 2001. It had some village panchayat approval or something like that. The owner still has an outstanding loan amount and he is still paying to ICICI and documents are still with ICICI.

Can we trust ICICI Bank now?
Were they really loose in 2001/2002 time?

Please choose SBI where ever possible.