Punjab

Ludhiana

CC/20/204

Neeraj Kumar - Complainant(s)

Versus

Bajaj Finance Limited - Opp.Party(s)

Rohit Sehgal Adv.

09 Sep 2023

ORDER

DISTRICT CONSUMER DISPUTES REDRESSAL COMMISSION, LUDHIANA.

                                                Complaint No: 204 dated 28.09.2020                                                         Date of decision:09.09.2023

 

Neeraj Kumar aged about 29 years son of Shri Vijay Shanker, resident of Fatehgarh, Gujjran, Ludhiana-141003.                                                                                                                                                          ..…Complainant

                                                Versus

1. Bajaj Finance Limited, 1^st and 2^nd Floor, SCF-35-G, Bhai Randhir Singh Nagar, Opposite Police Station, Orient Cinema Road, Above Bank of India, Ludhiana-141002 through its authorized signatory.
2. Bajaj Finance Limited having its registered office at Akurdi, Pune-411035.                                                                                                                                                                    …..Opposite Parties

Complaint under section 35 of the Consumer Protection Act.

QUORUM:

SH. SANJEEV BATRA, PRESIDENT

SH.JASWINDER SINGH, MEMBER

MS.MONIKA BHAGAT, MEMBER

 

COUNSEL FOR THE PARTIES:

For complainant             :         None.

For OPs                          :         Sh. Sumit Jain, Advocate

 

ORDER

PER SANJEEV BATRA, PRESIDENT

1.                           The complainant has invoked the jurisdiction of this Commission by filing the present complaint and raised a consumer dispute with regard to non-refund of amount to the complainant besides paying compensation of Rs.50,000/- and litigation expenses of Rs.11,000/-.

2.                Notice was issued to the opposite parties and on 22.12.2020 Sh. Sumit Jain, Advocate filed power of attorney on behalf of the opposite parties along with written statement as well as affidavit and assailed the complaint on the ground of maintainability; mis-joinder and non-joinder of parties etc. The opposite parties denied the allegations levelled in the complaint by stating that the complainant is liable to pay the overdue amount for the loan accounts and also prayed for dismissal of the complaint

3.                 The parties have already led their evidence by tendering their respective affidavits and documents and the case was fixed for arguments.

4.                However, on 04.09.2023, Sh. Sumit Jain, Advocate counsel for the opposite parties suffered statement that the company is ready to settle the both loan accounts of the complainant for a total lumpsum amount of Rs.35,000/ - as settlement amount. After payment of the total amount by the complainant, the NOC will be issued by the company.

5.                In pursuant to the same, the complainant has also suffered a statement that he has two active loan accounts with Bajaj Finance Limited with account bearing No.426MPDFV585360 and 426PSTEO420848. Total outstanding in loan account No.426MPDFV585360 is Rs.68,722/- and against loan account No. 426PSTEO420848 is Rs.2,05,214/- and he is ready to pay Rs.35,000/ - as settlement amount in above two loan accounts as offered by the company. Further he got recorded his statement that he will pay Rs.15,000/- on 25.09.2023 and remaining Rs.20,000/- on or before 23rd October 2023 and in case, he fails to pay the above said amount in the said period, then he will pay interest @9% per annum on the total outstanding loan amount.

6.                 In view of the aforesaid settlement arrived between the parties, the present complaint stands disposed of with direction to the complainant that he will pay Rs.15,000/- on 25.09.2023 and remaining Rs.20,000/- on or before 23rd October 2023 and in case, he fails to pay the above said amount in the said period, then he will pay interest @9% per annum on the total outstanding loan amount. Thereafter, the opposite parties shall issue NOC to the complainant within 30 days from the date of receipt of second payment from the complainant i.e. on 23.10.2023. Copy of the order be supplied to the parties free of costs.

7.                File be indexed and consigned to record room. 

 

(Monika Bhagat)           (Jaswinder Singh)         (Sanjeev Batra)               Member                       Member                         President   

National Lok Adalat    National Lok Adalat      Consumer Commission                                                                                     cum Chairman, National                                                                          Lok   Adalat       

Announced in Open Commission                                            Dated:09.09.2023.

Gobind Ram.