KERALA STATE CONSUMER DISPUTES REDRESSAL COMMISSION
VAZHUTHACAUD THIRUVANANTHAPURAM
APPEAL NO.54/01
JUDGMENT DATED 9.2.2011
PRESENT
JUSTICE SHRI.K.R.UDAYABHANU -- PRESIDENT
SRI.S.CHANDRAMOHAN NAIR -- MEMBER
1. The Secretary,
Kerala State Housing Board
Thiruvananthapuram.
2. The Branch Manager, -- APPELLANTS
Kerala State Housing board,
Kattappana, Idukki District.
(By Adv.Meena.C.R)
Vs.
Shri.P.N.Vijayan,
Pamprayil House,
Udumpanchola.P.O, -- RESPONDENT
Nedumkandam,
Idukki District.
JUDGMENT
JUSTICE SHRI.K.R.UDAYABHANU,PRESIDENT
The appellants are the opposite parties/ Kerala State Housing Board in CC.No.115/10 in the file of CDRF, Idukki. The Forum has ordered the opposite party/appellant to restrict the default interest to 12%.
2. It is seen from the pleadings that the appellant is charging interest at 15% on the loan amount and another 15.5% as default interest for defaulted payments and another 2.5% as penal interest. The Forum has directed the opposite party to collect the default interest only at 12%. It is seen from the discussion that the appellant has already charged the opposite parties for the loan amount interest at 15.5% and the amount has been divided in 168 monthly installments. The loan is provided by the Kerala State Housing Board. The total amount of loan is Rs.70,000/-.
3. The contention of the counsel for the appellant is that the above rates are the agreed rates. We find that it is extremely inappropriate on the part of the opposite parties a Government of Kerala undertaking to charge such rates of interest for defaulted payment. Hence, we find that there is no scope at all for admitting the appeal. This appeal is dismissed in limine.
Office will forward the copy of this order to the Forum urgently.
JUSTICE K.R.UDAYABHANU -- PRESIDENT
S.CHANDRAMOHAN NAIR -- MEMBER