C.C. No.107/2023

Smt. Jyotsnamayee Behera,

W/o. Sri Subhranshu Kumar Behera,

At- New Police Line,

Chhatrapur, Ganjam,

At Present- At/P.O./P.S.- Kujanga,

Dist.- Jagatsinghpur.……… Complainant

1. The Manager,

Cholamandalam Investment & Finance Co. Ltd.

Subham Sai Areade Trekker Stand,

Station Road, Berhampur- 760001.

2. The Manager,

Cholamandalam Investment & Finance Co. Ltd.

Dare House-2, N.S.C. Bose Road,

Parrys, Chennai- 600001.                                 …..… Opposite parties                 

For Complainant………..Mr. C. Mishra & Associates

For Opposite Parties………..Mr. M.C. Swain, Advocate

ORDER BY HON’BLE PRESIDENT- MR. P.K. PADHI:

                                                                                                       JUDGMENT

            Complainant at the outset prays that she wants to clear the entire dues and opposite parties may be directed to consider the same.

            We find no deficiency on the part of opposite parties. Besides that complainant is a defaulter of loan as per agreement as against the loan of Rs.­­­­­­­­­­­28,76,000/-. Complainant has already paid substantial amount whereas complainant has to pay some further amount but due to default in paying EMI in time complainant to pay some further amount.

            However taking a lenient view we dispose of the consumer complaint directing the opposite parties to settle the dispute as complainant has already paid substantial amount and ready to settle the loan. We find that complainant has already paid substantial amount. So we directed that the opposite parties shall consider the grievance and deduct 50% of the overdue/additional interest etc. and settle the claim. If the complainant is due to pay she shall pay the entire due amount after deducting the 50% of the above amount within a period of 2(two) months and there after NOC shall be issued by the opposite parties. Till the exercise of aforesaid process the opposite parties shall not take any coercive action against vehicle No.OD-01-AC-7195 and if NOC will not be issued after clearance of dues after deducting the 50% (overdue interest/addl. interest etc.) of the amount then the opposite parties shall pay Rs.500/- per day after 30 days of the receipt of this order. The opposite parties are directed to intimate the amount to be paid within 10 days after receipt of the order from the complainant. With the aforesaid observation and direction the consumer complaint is disposed of. No cost.

            Pronounced in the open Commission on this 22^nd March,2024.