A doctor from Navi Mumbai was allegedly duped of Rs 21 lakh by a finance firm owner, who promised to facilitate a loan of Rs 3 crore but furnished forged documents, police said on Saturday, reported news agency PTI.

A case has been registered under sections 318(4) (cheating), 336(2), and 336(3) (forgery) of the Bharatiya Nyaya Sanhita (BNS) against Chetan Panchal, the proprietor of a finance firm based in Mumbai, an official said, reported PTI.

He said the doctor had been seeking a substantial loan when he came in contact with Panchal, who claimed he could secure a loan of Rs 3 crore for him from multiple banks.