(Order passed below Exh. 1)

(Passed on 14/03/2022)

Passed by Shri Atul D. Alsi, Hon’ble President 

     The complainant has filed present case for irregularity in performing the job of special Recovery Officer under Securitization & Reconstruction & Financial Assets & Enforcement of Security Interest Act, 2002 to attach property and selling it.

     The Special Recovery Officer under the Act (Securitization Act), the authority is appointed by bank to conduct recovery proceeding from loan availed by complainant and under the Act, independent remedy is prescribed. The Consumer Commission is not appropriate authority. Hence there is no consumerable interest between the parties. Hence case is disposed of and complainant can agitate the claim before competent authority as per Act. Hence complaint is dismissed.