DATE OF FILING : 29/06/17

IN THE CONSUMER DISPUTES  REDRESSAL FORUM, IDUKKI

Dated this the 28th  day of March 2019

Present :

SRI. S. GOPAKUMAR PRESIDENT

           SMT.ASAMOL P. MEMBER

CC NO. 134/2017

Between

Complainant       :  Prabhathkumar G., S/o Prabhakaran,

                                                                            Puthenpurackal House,

                                                                            Prakash Kara, Prakash P.O. 

(By Adv: Shiji Joseph)

And

Opposite Party                                    : 1 .  Shriram City Union Finance Company Ltd.,

                                                                       Mookambika Complex 3rd Floor No.4,

                                                                       Lady Desika Road Maylapoor Chennai 60004,

                                                                       Represented by its Managing Director.

                                                                2 .   Shriram City Union Finance Company Ltd.,

                                                                        Floor Capital Building,

                                                                        Chennattumattam Junction Kattappana,

                                                                        Represented by its Manager.

                                                                 3 .  Jayasree Motors,

                                                                       Dealer Mahindra Two wheelers,

                                                                       Kattappana P.O., Katappana.

 

O R D E R

SRI. S. GOPAKUMAR (PRESIDENT)

 

The case  of the complainant is that,  

 

Complainant  purchased a Mahindra Gusto Scooter with the financial assistance  of Muthoot Finance.  The third opposite party arranged the loan of Rs.40,596/- and was agreed to be repaid with interest in 36 instalments.  The complainant made an initial payment of Rs.18,000/-.  The hypothication was endorsed in the RC book in the name of Muthoot Finance.  In this loan account complainant remitted Rs.36,000/- and due to some financial stringencies he could not continue to pay the balance loan amount.  While so complainant received a notice from the opposite parties 1 and 2 demanding to pay Rs.34,000/- as loan dues.  The  complainant  further  stated that,  complainant

                                                                                                                         (Cont......2)

-2-

had not obtained any loan from opposite parties 1 and 2 and opposite parties 1 and 2 are having no right to issue such a notice and to threat the complainant by cautioning the complainant about the arbitration case.   Complainant further averred that opposite parties 1 and 2 having no right to demand any amount from the complainant, and the third opposite party fraudulently created some documents and hypothecated the vehicle in favour of the first and second opposite parties.  Against this acts of the opposite parties complainant filed this petition alleging unfair trade practice against the opposite parties and prayed for getting relief such as to declare that the complainant is not liable to pay any amount to the opposite parties and also direct the opposite parties to pay compensation and cost.

 

Upon notice the first opposite party entered appearance and filed detailed reply version contenting that the complainant applied for purchase of a new scooter and on getting application, opposite parties sanctioned a vehicle loan of Rs.51,000/- for the said vehicle through the Hypothecation Agreement No.KKATTTW 1504 290001 on 07/05/15.  The total loan amount including interest is to be repaid is Rs.62,424/- with 24 instalments @ Rs.2,601/- starting from 07/06/15.  In this loan complainant committed default and the opposite parties initiated Arbitration proceedings against the complainant as Ac.No.379/16.  In these proceedings complainant failed to appear and hence he was set exparte.   Arbitration Award was passed on 22/06/16 for an amount of Rs.41,081.  Mean while during the Arbitration proceedings complainant had remitted Rs.15,000/- and requested further time for balance payment.  On receipt of Award, fearing consequences complainant has remitted Rs.5,000/- on 04/08/16.  As the complainant failed to repay the amount, the opposite parties proceeded against him with Execution Petition No.218/17, before the District Court, Thodupuzha.  On getting information about  this, the complainant again remitted Rs.10,000/- on 31/03/18.  Opposite parties further contented that, in this case before filing this complaint Arbitration Award was passed and Execution Petition also pending  before the proper court, hence this Forum cannot entertain this complaint.

 

Evidence adduced by the parties by was of documents.  The documents such as copy of RC book and copy of demand notice produced by the complainant marked as Ext.P1 and Ext.P2 respectively.

 

                                                                                                                         (Cont......3)

-3-

 

From the opposite parties side 6 documents were produced as marked as Ext.R1 to Ext.R6.  Ext.R1 is the loan cum hypothication agreement dated 11/05/2015, Ext.R2 is the statement of account, Ext.R3 is the attested copy of Execution Petition, Ext.R4 is the letter from Jayasree Motor, Ext.R5 is the letter form  Muthoot Financiers and Ext.R6 is the Tax Invoice of Jayasree Motor.

 

Heard both sides,

 

The point for consideration is whether there was any deficiency in service from the part of the opposite party, and if so, for what relief the complainant is entitled to?  

 

The Point:-   We have heard the counsels of both parties and have gone through the documents.   On careful consideration of the records it is seen that the complainant executed Ext.R1 loan cum hypothication agreement in favour of opposite parties 1 and 2 on 11th May 2015.  The loan statement of account Ext.R2 also clearly shows that complainant availed vehicle loan from opposite parties 1 and 2.  More over on perusal of Ext.R6 Tax Invoice it is very clear that the complainant purchased the vehicle in question from Jayasree Motors and on the basis of their invoice, opposite parties 1 and 2 granted vehicle loan, and this matter is specifically endorsed in Ext.R6 also.  Ext.R4 is a letter of Jayasree Motors and Ext.R5 is a letter of Muthoot Financiers.  On perusing both these letters we convinced that, the vehicle loan was sanctioned by the opposite parties 1 and 2 in favour of the complainant, and the Muthoot Finance specifically certified that, the hypothication noted in the RC book of the alleged vehicle is an inadvertent error happened in Form 20 of the Motor Vehicle Department, and the Muthoot Financiers specifically  stated that they have no charge and interest upon the vehicle having Registered No. KL/06/G/9064, owned by the complainant.  None of these documents are challenged by the complainant and complainant has miserably failed to adduce any evidence to shaken the above said documents.  More over Ext.R3 is a certified copy of an Execution Petition,  pending before the Honourable District Court, Thodupuzha against the complainant.  On perusing these documents Forum convinced that an Arbitration Award already passed against the complainant in this vehicle loan on 08/06/16, much before filing this complaint ie, on 29/06/17.

 

                                                                                                                       (Cont......4)

-4-

 

Hence on evaluating the evidence on record it is crystal clear that the financial assistance of the above vehicle was sanctioned by opposite parties 1 ans 2 and due to an inadvertent oversight from third opposite party, it was noted as Muthoot Capital in Form 20 of Registration Application.  The complainant is well aware of this fact and he is took this error as a shield from making balance payment of the loan amount.

 

Hence on the basis of above discussion Forum found no merit in entertaining this complainant and hence the complaint dismissed.  No order to cost.

 

Pronounced in the Open Forum on this the 28th day of March, 2019.

 

                                                                                                          Sd/-

                                                                                         SRI. S. GOPAKUMAR (PRESIDENT)

                                                                                                          Sd/-

                                                                                      SMT.ASAMOL P.  (MEMBER)

APPENDIX

Depositions :

On the side of the Complainant :

Nil

On the side of the Opposite Party :

Nil

Exhibits :

On the side of the Complainant :

Ext.P1            - Copy of RC book.

Ext.P2            - Copy of letter issued by the advocate to the complainant

On the side of the Opposite Party :

Ext.R1          -  The loan cum hypothication agreement dated 11/05/2015

Ext.R2        - The statement of account

Ext.R3        - The attested copy of Execution Petition

Ext.R4        - The letter from Jayasree Motor

Ext.R5        - The letter form  Muthoot Financiers 

Ext.R6        - The Tax Invoice of Jayasree Motor.

 

                        Forwarded by Order,

 

                             SENIOR SUPERINTENDENT