Vehicle finance -- Repossession of vehicle - Before repossession no registered notice is given - Before sale also no notice is given - The vehicle was sold without following the procedure allegedly required to be followed - Held to be high handedness on the part of financier...........
Vehicle finance -- Repossession of vehicle by financier - Sale of vehicle by auction - If an opportunity is given to the consumer, when his vehicle is likely to be sold at a particular price and option should be given to him to purchase the vehicle at the said price, then it is a transparent procedure, because in many cases the bidders purchase vehicle at a throw-away..........
Vehicle finance -- Repossession of vehicle by financier held to be unfair - Relief given to the complainant stated...........
Vehicle finance -- Repossession of vehicle by financier by force - Sold without informing the complainant - It would be unjust to direct the consumer to pay the balance amount, as alleged by financier to be outstanding - If such a relief is given to the money lender financier, it would be unjust enrichment to the money lender and against equity...........
Banking service -- Vehicle Finance - Repossession of vehicle - Default in payment of two installments - The appellant held within its right to possess the vehicle and to realize the amount of loan outstanding by selling the vehicle...........
Vehicle finance -- Default in payment of installment - Repossession of vehicle - Complaint allowed in terms that OP shall after adjusting the unpaid installments upto the date the vehicle was taken possession of refund towards the contribution made by the consumer as to the price of the car and return all the cheques issued subsequent to the period of possession of the..........
Vehicle finance -- Repossession of vehicle - On the ground that default in payment of instalments - Though copies of notices allegdly sent to respondent filed by appellant-OP but not stated how the said notices were sent nor any acknowledgement produced - Advance cheques given by complainant but no material produced by appellant of dishonour of cheque nor any letter..........
Banking service -- Vehicle finance - Hire purchase agreement - Repossession of vehicle and its sale - Cheque returned for the reason `Not drawn on us' - It was not dishonoured for insufficiency of funds - OP-respondents failed to present the cheque again for collection - No notice prior to re-possession - Pre-sale notice at wrong address - Repossession of the vehicle and..........
Indian Penal Code, 1860, Section 392, 452, 506, Criminal Procedure Code, 1973, Section 482 -- Hire Purchase agreement - Timely payment not made - Repossession of vehicle, without notice to complainant and by use of force and giving threats - FIR lodged u/ss 392, 452, 506 IPC - No ground to quash FIR...........
Hire purchase agreement -- Non payment of instalments - Taking forcible possession of vehicle - General guidelines issued viz (a) The finance companies must inform the hirers regarding the details of instalments due and payable by a written communication; (b) Even before repossession another written notice must be sent to the hirers and only thereafter the vehicles be..........
