MR. BIBEKANANDA DAS, MEMBER:-
Complainant has filed the C.C.Case No. 8/2024 U/s.35 of Consumer Protection Act, 2019 seeking not to repossess vehicle (Truck) bearing Regd. No.OD-02BC-2882 and to supply loan agreement and other documents etc. and pay compensation of Rs. 2,00,000/-.
Complainant took loan on of Rs. 26,50,620/- on 31.3.2019 to repay in 53 monthly EMI @ Rs.66,013/-commencing from 15.5.2019 to 15.9.2023. Complainant failed to pay and violated the agreement for which on apprehension of repossession complainant has filed the consumer complaint seeking aforesaid relief. Complainant is a defaulter of loan as per agreement.
Taking a linent view we dispose of the consumer complaint directing the complainant to pay 50% of pending EMI minus the amount already paid and the Complainant shall pay rest 50% within 4 months in 4 installments. For failure to pay the Opposite parties are free to take action as per rule/law/agreement and the Ops are directed to release the vehicle forthwith after receipt of 50% as stated above, the Ops shall release the vehicle immediately. Since the vehicle is in the custody of Ops for four months, we have given Four(4) months time to repay the loan by the Complainant to the Ops..
With the aforesaid observation and direction the C.C.Case No. 8/2024 & I. A. 6/2024 are accordingly disposed off.
Issue extract of the order to the parties for compliance.
Pronounced in the open Commission, on this the 3rd day of April ,2024
I, agree.
Sd/- Sd/-
PRESIDENT MEMBER
