Andhra Pradesh

StateCommission

FA/742/2011

MUDUNURU VIVEKANANDA VARMA, S/O VISWANADHA RAJU, REP BY GPA HOLDER, M.VISWANADHA RAJU, S/O LATE KRISHNAM RAJU, - Complainant(s)

Versus

M/S LIC HOUSING FINANCE LTD., REP BY ITS AREA MANAGER, OFFICE LOCATED AT D-1 AND D-2, 2ND FLOOR, - Opp.Party(s)

M/S G. RAMA GOPAL

23 Apr 2013

ORDER

 
First Appeal No. FA/742/2011
(Arisen out of Order Dated 07/07/2010 in Case No. CC/295/2010 of District Visakhapatnam-I)
 
1. MUDUNURU VIVEKANANDA VARMA, S/O VISWANADHA RAJU, REP BY GPA HOLDER, M.VISWANADHA RAJU, S/O LATE KRISHNAM RAJU,
R/O FLAT NO.406, S.K.TOWERS, PRASANTH NAGAR, VISAKHAPATNAM.
...........Appellant(s)
Versus
1. M/S LIC HOUSING FINANCE LTD., REP BY ITS AREA MANAGER, OFFICE LOCATED AT D-1 AND D-2, 2ND FLOOR,
DWARAKA PLAZA, DWARAKANAGAR, MAIN ROAD, VISAKHAPATNAM.
...........Respondent(s)
 
BEFORE: 
 HONABLE MRS. M.SHREESHA PRESIDING MEMBER
 HONABLE MR. S. BHUJANGA RAO MEMBER
 
PRESENT:
 
ORDER

BEFORE THE A.P.STATE CONSUMER

 

F.A.No.742/

 

Between:

MudunuruS/Hindu, aged 28 years, rep. by GPA Holder,

MudunuruHindu, aged 63Prasanth                                                                                              

M/s. LIC Housing Finance Limited,

A registered and a Corporate Body located in

Mumbai engaged in the Business of lending

 Money for housing purposes, rep. by its

Area Manager, Office located at D-1 and D-2

2ndMain Road, Visakhapatnam 530 016.                                                                

 

Counsel             

Counsel for the Respondent         

 

CORAM   

 

AND

SRI S.BHUJANGA RAO, HON’BLE MEMBER

 

TUESDAY,

TWO THOUSAND THIRTEEN

 

Oral                        

               The unsuccessful complainant filed this appeal against the order          

 

For the sake of 

 

                                 

 

                        .        

 

        

 

           dt.28.11.2008, which contemplates that special concession on rate of interest at 11.50% p.a. or as prevailing at the time of  when the loan was disbursed on 17.12.2008, prevailing rate of interest was 9.75%      

 

        

 

        

          

 

                   

The opposite party

1.  Circular no.534

2.  The rate of interest under circular no.534   

 

           

 

       

   

    th stth

 

Ex.B2 circular is applicable to the housing loans sanctioned between 17.12.2008 to          

 

  

 

                                                 

 

                                                 Pm*                                            

  

 
 
[HONABLE MRS. M.SHREESHA]
PRESIDING MEMBER
 
[HONABLE MR. S. BHUJANGA RAO]
MEMBER

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