Date of Filing: 02.11.2023

DISTRICT CONSUMER DISPUTES REDRESSAL COMMISSION: JAGATSINGHPUR

Present:

                        1. Mr. P. K. Padhi      ………………..        President

                        2. Mrs. M. Swain       ……………….        Member

                                                                           C.C. No.327/2023

Manoj Kumar Jain,

S/o. Ratan Lal Jain,

At/P.O.- Dhanmandal,

P.S.- Badachana,

Dist.- Jajpur,

At Present- Atharbanki,

P.S.- Paradeep Lock,

Dist.- Jagatsinghpur.                                                 …………. Complainant

                           (Versus)

1. The Manager, Indusind Bank Ltd.,

Umang Plaza, Plot No.1320,

Bajrakabati Road,

Samanta Sahi, Ranihat Colony,

Dist.- Cuttack- 753001.

2. The Manager, Consumer Finance Division,

Indusind Bank Ltd., Old No.115-118,

New No.34, G.N. Chetty Road,

T. Nagar, Chennai- 600017.

3. Regional Transport Officer, Chandikhole,

At/P.O.- Chandikhole,

P.S.- Badachana,

Dist.- Jajpur.                                                           …..… Opposite parties                 

For Complainant………..Mr. C. Mishra & Associates

For Opposite Parties……….Mr. U.C. Sethi & Associates

ORDER BY HON’BLE PRESIDENT- MR. P.K. PADHI:

                                                                                      JUDGMENT

            Complainant has filed the consumer complaint U/s.35 of Consumer Protection Act, 2019 seeking not to repossess his vehicle bearing Regd. No.OD-04-Q-7363 and to supply loan agreement and other documents etc. and pay compensation of Rs.19,00,000/-.

            Complainant took loan of Rs.44,12,167/- on 23.4.2021 to repay in 60 monthly EMI @ Rs.98,330/- commencing from 21.6.2021 to 21.3.2026. Complainant failed to pay and violated the agreement for which on apprehension of repossession complainant has filed the consumer complaint seeking aforesaid relief. We find no merit in the consumer complaint as the complainant is a defaulter and no deficiency on the part of opposite parties as the relationship between the complainant and opposite parties is that of Debtor & Creditor. Besides that complainant is a defaulter of loan as per agreement.

            However taking a lenient 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.20,000/- (twenty thousand) in each month towards pending EMI and clear the loan before termination of agreement. For failure to pay regular EMI and additional amount, the opposite parties are free to take action as per rule/law/agreement. With the aforesaid observation and direction the consumer complaint is disposed of. No cost.  

            Pronounced in the open Commission on this 29^th Nov.,2024.