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Business Daily from THE HINDU group of publications Tuesday, June 16, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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Update at 1630 hrs (IST)
General Consumer court punishes finance company ROURKELA: A private finance company was found guilty of forcibly taking possession of a vehicle from a customer by hiring musclemen, by a Sundergarh-based district consumer and redressal court, which directed it to pay Rs 1.65 lakh to the party immediate ly. The court hearing the case filed by Uttam Kumar Gupta of Koida expressed displeasure over the action of the finance company in taking away the vehicle for default in paying instalments. Gupta took a loan of Rs 7.84 lakhs to purchase a tipper with a down payment of Rs 1.20 lakh in 2005. Till December 2005, Gupta cleared Rs 5.28 lakh, but failed to pay some instalments. The company then took away the tipper and sold it to a third party without informing him. Consumer court president Bijoy Kumar Behera and member judges Sapan Kumar Pani a nd Sucheta Swain while delivering the judgement directed the company to pay Rs 1.20 lakh as down payment charges along with the permit and registration charges of the vehicle. It also directed payment of another Rs 10,000 for causing mental tension to Gupta. - PTI
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