Ld. Counsel for the complainant is present. O.P No.2 appears through Advocate Manoj Kumar Panda and associates O.P. No.1 is represented by Mr.V.V.Ramdas Adv.as per the verbal institution of the O.P No.1 Mr. Jaydeep Mukhopadhya legal Manager and Mr. Niranjan Ojha Collection Manager of O.P No. 2 are also present in this Commission in person. Ld. Counsel for the O.P No.2 prays for 2hrs time to settle the matter between themselves. Prayer allowed. Put up the record at 11.30 a.m. today.

Latter: at 11.30a.m.-  Respective parties are present. A joint memo of settlement is filed by the complainant and the OP No. 1. It is agreed and settled between the parties that the complainant shall pay a sum of Rs. 1,34,768/- towards full and final settlements of his loan dues. Out of this amount, the OP No. 1 has already paid a sum of Rs. 1,15,239/- (One Lakh Fifteen Thousand two hundred thirty nine) only. Since the cheque issued by the OP No. 1 has lost validity, the cheque will be received back by the OP No. 1 who agrees to revalidate the same with the 15 days from the date of receipt of the cheque at their end. The complainant shall pay the rest amount to the OP No. 2 out of the total settled amount of Rs. 1,34,768/- (One Lakh Thirty four thousand Seven Hundred Sixty eight)only. The differential amount of Rs. 19529/- (Nineteen thousand five hundred twenty nine) only shall be paid by the complainant within seven days from the date of intimation by the collection manager to the customer after credit of the revalidated cheque to the account of the complainant. The OP No. 1 is directed to directly send the cheque to Branch Manager HDFC, Phulbani Branch to be credited in the loan account of the complainant. The matter is accordingly disposed of by way of settlement. Communicate the order to the parties through the e-mail ID . the joint memo of settlement filed by the parties  forms part of this order.