C.C. No.399/2022

Prafulla Kumar Sahoo,

S/o Prahallad Sahoo,

Vill- Tarikund Harirampatna,

PO- Tarikund,

PS/Dist- Jagatsinghpur.……… Complainant

1. Branch Manager,

Kotak Mahindra Bank Ltd.

Plot No.461, 1^st Floor,

Gugnani Heights,

Near Jyoti Motors, Lewis Road,

Bhubaneswar- 751014.

2. Corporate Manager,

Kotak Mahindra Bank Ltd.

27 BKC, C-27, G Block,

Bandra Kurla Complex,

Bandra East, Mumbai- 400051.                     …..… Opposite parties                 

For Complainant………..Mr. D.N. Acharya & Associates

For Opposite Parties……….Mr. M.C. Swain, Advocate

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 New Holand 3230 Tractor bearing Regd. No.OD-05-3055 and to waive illegal demand loan issue NOC/NDC and pay compensation of Rs.1,00,000/-.

            Complainant took loan of Rs.2,46,373/- on 21.01.2020 to repay in 30 monthly EMI @ Rs.10,942/- commencing from 05.3.2020 to 05.9.2022. Complainant failed to pay the EMI in time and violated the agreement and 6 cheuqes have been bounced for which on apprehension of repossession complainant has filed the consumer complaint seeking aforesaid relief. Complainant is a defaulter of loan as per agreement for which there is extra charges.

            However taking a lenient view we dispose of the consumer complaint directing the opposite parties to settle the dispute by deducting 50% of overdue charges and after clearance of loan issue NDC/NOC within one month. With the aforesaid observation and direction the consumer complaint is disposed of. No cost.  

            Pronounced in the open Commission on this 25^th July,2024.