Sh. Phagan Singh, complainant appeared in person and has suffered a statement that he was not in a position to deposit Rs. 3000/- with the OPs as one installment as directed by the Commission. Further stated that he is unable to repay the remaining installments of the loan amount due to my poor financial conditions. The vehicle has been taken in possession by OP with his consent and the OP No.2 is at liberty to sell the same to adjust his outstanding amount of the loan. He will not raise any objection for the same. Hence, he does not want to pursue the present complaint further and withdraws the same.

Sh. Vazir Singh, Manager of OP No.2 appeared in person with his counsel and has suffered a statement that he is authorized to make the statement on behalf of OP No.2.  The OP No.2 is ready to adjust the loan amount of the complainant after selling the vehicle of the complainant in question. The OP No.2 will close the loan account of the complainant. The loan account shall stand fully satisfied.

In view of the statement suffered by the complainant and Manager of OP No.2, the present complaint is dismissed as withdrawn with a direction to OP No.2 that the OP No.2 will close the loan account of the complainant after selling the vehicle in question. The loan account of the complainant shall stand closed by opposite party No,2 after selling his vehicle as per statement suffered by Authorized Representative of OP No.2.  Parties will be bound by their statements. File be indexed and consigned to record.