DISTRICT CONSUMER DISPUTES REDRESSAL FORUM, JHARSUGUDA

CONSUMER COMPLAINT CASE NO. 09 OF 2014

Anil Ray (34 Yrs.),

S/O- Dhuri Ray,

RO: Gwalapada,PO: Lamtibahal,

PS: Brajrajnagar, Dist: Jharsuguda,Odisha………..…………………Complainant.

Versus

The Branch Manager,

L & T Finance Ltd.,

At/PO: Budharaja,

PS/Dist: Sambalpur, Odisha.………………………...….…....….…...Opp. Party.

Counsel for the Parties:-

For the Complainant                                  Shri B.N.Dutta, Adv. & Associates.

For the Opp. Party                                   Shri A.K.Sahoo, Adv. Associates.

Date of Order: 17.06.2015

Present

                                            1. Shri S.L.Behera, President.

                                            2. Shri S.K. Ojha, Sr. Member.

                                            3. Smt. A. Nanda, Member.

Shri S. L. Behera, President: - The brief facts of the complainant’s case is that, he has purchased one Truck bearing Regn. No.OR-23E-6355 which has been financed by the O.Ps. The complainant was liable to pay the loan amount in regular monthly installments. The complainant has claimed to have paid all the installments to the O.P and there is no any over dues pending against him but the O.P illegally threatening to seize the vehicle, hence this case.

The O.P. appeared through his counsel after being noticed and submitted his written version wherein it has been stated that the complainant is a defaulter in making payments of installments. The O.P further submitted that the complainant has taken loan of Rs.14,50,000/- only excluding interest vide Loan agreement No. OCV017016R1100380680. The complainant has outstanding dues of Rs.4,53,945/- only in total and with denying all the allegations imposed by the complainant, the O.P has prayed for dismissal of the case.

Heard and perused the case record along with materials available.

 As per the account statement dtd.11.08.2014 filed by the O.P the complainant was liable to pay Rs.5, 96,655/- only in total towards outstanding dues   and there is future installments of Rs.3, 63,420/- only.  The complainant was liable to pay the loan amount including interest in 46 nos. of monthly EMIs. started from 01.08.2011 to 10.05.2015.   

The O.P has sanctioned loan facility to the complainant to purchase the vehicle, against which the complainant should also repay the same in time but sometimes he fails to do so.  However, the O.P complied the Interim Order passed by this Hon’ble Forum and now the said vehicle is in possession of the complainant which the complainant must repay the outstanding dues in time.

In view of above circumstances, we do not found any merit on the part of complainant, hence we dismiss the case with no costs.

            Accordingly the case is disposed of.

Order pronounced in the open court today the 17^th   day of June’ 2015 and copy of this order shall be supplied to the parties as per rule.              

                                      I Agree.                       I Agree,                                                                                                

                         S.K.Ojha, Sr.Member        A.Nanda, Member (W)         S. L. Behera President 

                           Dictated and corrected by me

                                  S. L. Behera, President.