Sale proceeds of seized vehicle would be calculated at depreciation rate @ 40% of actual invoice value

Surender Singh Vs Tata Motors Finance (NCDRC Delhi) Conclusion: In present facts of the case, the NATIONAL CONSUMER DISPUTES REDRESSAL COMMISSION NEW DELHI (NCDRC) observed that the sale proceeds of the seized vehicle by the Respondent would be calculated at the depreciation rate @ 40% of the actual invoice value of the Motor Vehicle. Facts: In presents facts of the case, the Revision Petition has been filed by the Petitioner/ Complainant against Respondent/ Opposite Party challenging the impugned Order dated 25.04.2017 passed by the State Consumer Disputes Redressal Commission, Panchkula, Har...