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Proper Legal Procedure for Loan Recovery & Vehicle Seizure to be followed: NCDRC
Case Law Details
- Case Name
- Indiabulls Housing Finance Ltd. Vs Sandeep Kumar & Anr. (NCDRC Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- NCDRC/SCDRC
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Indiabulls Housing Finance Ltd. Vs Sandeep Kumar & Anr. (NCDRC Delhi)
Conclusion: In present facts of the case, the NATIONAL CONSUMER DISPUTES REDRESSAL COMMISSION NEW DELHI (NCDRC) have agreed to the decisions of the State Commission wherein it was observed that OPs have took the vehicle forcefully from the possession of the Complainant and as per the Judgment of ICICI Bank Ltd. Vs. Prakash Kaur and Ors ( 2007) 2 SCC 711, proper legal procedure have to be followed pertaining to recovery of loans of seizure of vehicles.
Facts: In present facts of the case, the Revision Petition (RP) has ...
Author Info
my vehicle had seized in lock down because I taken a refinance on that due to lock down I had requested but they are not agreeing with that now I ask to close so they are adding Principal amount charges nd interest charges it’s too much
Taken 2 wheeler Loan from s***** finance company, Monthly EMI 3955 X 24, 15 EMI Paid Remaining 9 not paid Due to Health problems and job less, on 2 March 2024, 6 persons has come and said want to seize 2 wheeler, I requested them some amount clear now and Remaining give me the time, They never heard and forcefully seized and run away with vehicle without key, and afterwards i spoke with vehicle seized person but the person speaks rude behavior.