C.C. No.426/2022
Sri Hruda Ranjan Choudhury,
S/o. Sri Raghunath Choudhury,
At- Taladanda,
P.O.- Mallasahi,
P.S.- Kujanga,
Dist.- Jagatsinghpur.……… Complainant
-
- The Manager, Indusind Bank Ltd.,
Plot no.1320, 2nd Floor, Umang Plaza,
In front of Vishal Garment,
Near Bharat Petrol Pump,
P.O.- Buxi Bazar,
Dist.- Cuttack- 753001.
- The Manager, Consumer Finance Division,
Indusind Bank Ltd., Old No.115, 118,
New No.34, G.N. Chetty Road,
T. Nagar, Chennai- 600017.…..… Opposite parties
For Complainant………..Mr. C. Mishra & Associates
For Opposite Parties……….Mr. U.C. Sethi & Associates
Date of Hearing: 21.8.2024 Date of Judgment: 19.9.2024 |
ORDER BY HON’BLE MEMBER- MRS. M. SWAIN:
JUDGMENT
Complainant has filed the consumer complaint U/s.35 of Consumer Protection Act, 2019 seeking to declare repossess of TATA LPT 3118/32/BSIV Truck bearing Regd. No.OD-05-AQ-9757 on 19.12.2022 as illegal and pay compensation of Rs.18,50,000/-.
Complainant took loan of Rs.27,20,000/- on 24.4.2019 to repay in 70 monthly EMI @ Rs.62,720/- - Rs.68,000/- commencing from 21.6.2019 to 21.01.2025. Complainant failed to pay and violated the agreement for which on repossession complainant has filed the consumer complaint seeking aforesaid relief. Relationship between complainant and opposite parties is that of Debtor and Creditor, for which we find no merit in the consumer complaint and any deficiency on the part of opposite parties. Besides that complainant is a defaulter of loan as per agreement.
However taking a linnet view we dispose of the consumer complaint directing the opposite parties not to repossess the vehicle provided the complainant pay his regular EMI and in addition to that pay Rs.30,000/- (thirty thousand) in each month towards pending EMI so that the loan can be cleared as per agreement. With the aforesaid observation and direction the consumer complaint is disposed of. No cost.
Pronounced in the open Commission on this 19th Sept.,2024.
