question to the complainant for the purpose of security
while availing vehicle loan. She has specifically denied the
alleged loan transaction with the complainant ... cheques in question to complainant for the purpose of
availing vehicle loan, as she was not knowing anyone in
the Bank and she purchased
suit claim at 12%p.a.
compounded monthly on the Vehicle Loan Facility and at
9.90% p.a. compounded monthly on the GECL Facility from ... defendant approached the plaintiff bank for the
purpose of Vehicle Loan. The plaintiff accordingly on
30.01.2020 granted a vehicle loan
alleged that one Girish
approached for the purpose of vehicle, accordingly on 31.03.2017
granted vehicle loan of Rs.14,00,000/- for the purpose ... sanction terms and documents which
executed agreed to repay the vehicle loan along with interest @
9% p.a. compounded at monthly rest and agreed
vehicle number. He has further stated that vehicle in question was an old vehicle.
He did not know the valuation of the vehicle ... that one loan is parent loan i.e. loan in question,
four loans are for insurance and remaining three are top up loan to clear
that the defendant no.
1 approached the bank for grant of vehicle loan for an amount of Rs. 10
lac for purchase new Toyota INNOVA ... vehicles which in present case is Capital Vehicles Sales Ltd.
4. On 03.02.2014 the defendant no. 1 again approached for
personal loan
that defendants had taken vehicle loan and mudra loan and failed
to pay the same despite notices.
7. The loan account was declared ... vehicle
loan and ₹ 1,800/- on 28-09-2017 in respect of term loan.
Balance and security confirmation letter qua both the loans were
terminal benefits of
the Petitioner towards payment of outstanding Home
Loan, Education Loan and Vehicle Loan availed by the
Petitioner from the Respondent is illegal ... that was appropriated towards payment of
outstanding Home Loan and Vehicle Loan alongwith
interest @ 18% from the date of such debit upto
realization
loans borrowed by
him by filling a loan application form which was accepted by
the Informant Company and the loan was restructured only upon ... vehicle and did
not bring the vehicle for inspection.
32. He has submitted that the petitioner failed to adhere to
the repayment of the loan
petitioner's S.B. A/c No.20170839235 into the vehicle loan A/c
No.35595039723 without there-being any order from the competent ... from the account of the
petitioner towards the vehicle loan obtained by respondent No.4
without her knowledge. On coming to know about the same
earned leave for 90 days, refund of excess
interest deducted in vehicle loan and refund of excess interest deducted
in housing loan, all with interest ... earned leave for 90 days, refund of
excess interest deducted in vehicle loan and refund of excess interest
deducted in housing loan.
2. Heard
