DATE OF FILING: 09.05.2011
BEFORE THE CONSUMER DISPUTES REDRESSAL FORUM, IDUKKI
Dated this the 19th day of July, 2011
Present:
SRI.LAIJU RAMAKRISHNAN PRESIDENT
SMT.BINDU SOMAN MEMBER
C.C No.110/2011
Between
Complainant : N.Salim,
Block No.557,
Chottupara P.O,
Kallar – 685 552,
Idukki District.
(By Authorised Agent)
And
Opposite Parties : 1. The Manager,
Idukki District Co-operative Bank Limited,
Mundiyeruma Branch,
Thookkupalam, Kallar – 685 552,
Idukki District.
2. The General Manager,
Idukki District Co-operative Bank Limited,
Idukki Colony P.O, Cheruthony,
Idukki District.
(Both by Adv: C.K.Babu)
O R D E R
SRI.LAIJU RAMAKRISHNAN(PRESIDENT)
Complainant and authorised agent appeared. Counsel for the opposite party also appeared. Complainant submitted that the entire balance of loan is Rs.88,683/-, as per opposite party's notice and he paid Rs.30,886/- to the opposite party. The total loan amount is only Rs.1 Lakh. Complainant is ready to settle the matter, ready to pay the loan in 12 monthly instalments and also ready to pay Rs.15,000/- within 15 days. Counsel for the opposite party submitted that the complainant can get a reduction of 4% interest including penal interest, if the complainant pays the amount as per the new scheme of the Government. The complainant is not able to pay the entire amount now.
Hence the petition closed with a direction to the complainant to pay Rs.15,000/- to the opposite party within 15 days and the opposite party is directed to give monthly instalment facility to the complainant for repaying the loan(as loan No.BLV.31) not less than 6, after the receipt of the said amount. Till that further proceedings against the complainant for recovery of his business loan may be kept in abeyance.
Pronounced in the Open Forum on this the 19h day of July, 2011
Sd/-
SRI. LAIJU RAMAKRISHNAN(PRESIDENT)
Sd/-
SMT.BINDU SOMAN(MEMBER)
