Rajasthan

StateCommission

RP/1/2015

Cholamandlam Investment and Finance Company Limited - Complainant(s)

Versus

Padam Singh s/o Dhambar Singh - Opp.Party(s)

Ajay Raj Tantia

26 May 2015

ORDER

BEFORE THE CONSUMER DISPUTES REDRESSAL COMMISSION,RAJASTHAN,JAIPUR BENCH NO.1

 

REVISION PETITION NO: 01/2015

Cholamandlam Investment and Finance Co. Ltd. Regd.office at Chennai & ors.

Vs.

Padam Singh r/o village Mahalpur Kachi,Teh.Rupwaas, Distt. Bharatpur.

 

Date of Order 26.5.2015

 

Before:

 

Hon'ble Mr.Vinay Kumar Chawla-Presiding Member

Mrs.Sunita Ranka -Member

Mr. Liyakat Ali- Member

 

Mr. Ajayraj Tantia counsel for the petitioner

Mr.Puneet Sharma counsel for the respondent

 

 

BY THE STATE COMMISSION

 

This revision petition has been filed against the judgment

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of learned DCF Bharatpur dated 29.10.2014 by which it ordered that the statu -quo should be maintained in respect of the vehicle seized by the opposite party.

 

The complainant had taken a finance for a vehicle from the opposite party. The opposite party seized the vehicle for non-payment of the instalments. The complainant got the information that the vehicle was being sold for Rs.4,73,000/- while the vehicle was of Rs. 9,35,000/-. The complainant filed an interim application for maintaining the status- quo which the learned DCF allowed and against this order this revision petition has been filed.

 

During the arguments the learned counsel for the complainant offered that the complainant is ready to make all the payment alongwith interest due to the opposite party and the vehicle may be ordered to be delivered to him. The company's representative was present and he through his counsel accepted the offer that in case the whole dues are cleared, the vehicle will be handed over to the complainant.

 

In view of this we order that the vehicle will be delivered

 

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to the complainant on payment of all dues and the revision petition is disposed of accordingly.

 

 

Member Member Presiding Member

 

nm