BEFORE THE TELANGANS STATE CONSUMER DISPUTES REDRESSAL COIMMISSION: AT HYDERABAD

C.C. 102 of 2014

Between:

Mr. Vallabhaneni Rangaiah Chowdary,

S/o Mr. V. Venkata Ratnam

Aged about 51 years, Occ: Private Service,

R/o MIG 673, Sri Satya’s Indira Niwas,

Flat No. 101, Road no. 01

Phase 02, Near KPHB Function Hall,

KPHB colony, Hyderabad – 2                                            ..          Complainant

And

1. Hill County Properties Limited

(previously known has Matas Properties Limited)
rep. by its Managing Director

Regd. Office at Hill County Properties Limited

Hill Country, Bachuppaly, Miyapur, Hyderabad – 500072

2. Diwan Housing Finance Corporation Limited

(BHW Home Finance Limited) rep by its Managing Director

Registered office at Warden House,

2^nd floor Sir P M Road, Fort,

Mumbai – 400 001

And having its branch office at # 8-3-949, F.No. 302 and 303

III Floor, Solitaire plaza,

Behind Image Hospital,

Ameerpet, Hyderabad -500 073                …                    opposite parties

Counsel for the Complainant                                :           M/s. Prabhakar Sripada

Counsel for the opposite parties                           :Mr. K. Visweswara Reddy for OP.1

                                                                                      M/s. Lotus Law Associates for OP.2

Coram :         HON’BLE SRI JUSTICE B. N. RAO NALLA,  PRESIDENT

                                                                        And

                                                Sri Patil Vithal Rao,   Member

Tuesday, the Sixth Day of September

TWO THOUSAND SIXTEEN

                   Oral order: (per  Hon’ble Sri Justice Narayana Rao, Nall, President )

                                                                        *******

1. The complainant has filed the present complaint U/s. 17 (a)(i)  of the Consumer Protection Act, 1986 prays to direct the opposite party no.1 to refund Rs.70,26,118/- along with future interest @ 18% P.A., treat the Registered Sale deed and Agreement for construction dated 26^th May, 2008 between the complainant and the opposite party no.1 as having been rescinded and therefore direct the opposite party No.1 to clear the entire loan amount along with interest and penalties, if any, to the respondent no.2, to award Rs.7,00,000/- towards mental agony and harassment and costs.

2.   Joint Memo dated 06.09.2016 filed by the complainant and the opposite party no.1 submits that both the parties have reached an  amicable settlement and as per the settlement reached between the complainant and the opposite party no.1, the complainant  has received a sum of Rs.456,08,340/- ( Rupees Forty Five Lakhs Eight Thousand Three Hundred and Forty Only ) vide cheque No. 021964 dated 30.06.2014 drawn on ICICI Bank Limited, Kharkana Branch, Secunderabad, from opposite party no.1 towards full and final settlement and acknowledges that there are no further claims against the opposite parties.  In view of the above, the complainant is withdrawing the above Consumer Case No. 102/2014.  Hence it is therefore prayed that the Hon’ble Telangana State Consumer Disputes Redressal Commission, Hyderabad may be pleased to permit the complainant to withdraw the above Consumer Case by granting leave in the interest of justice.

3.       Heard the counsel on both sides. Memo recorded.  In view of the compromise between the parties, the complaint is dismissed as withdrawn.

PRESIDENT                                     MEMBER

                        DATED : 06.09.2016