this fact but policy goes to show that vehicle was subject to hypothication agreement and endorsement of
3
hypothication with respondent company is also made ... Even on registration certificate there is a endorsement of hypothication in favour of the respondent and in policy schedule also note of hypothication is endorsed
respondent no.2 the bank and since the truck in question was
hypothicated with respondent no.2 therefore, respondent no.2 had
filed a civil
present complaint within the pecuniary
jurisdiction of the State Commission, a hypothical assessment
has been made by the complainant which is not supported
Hypothecated bank. It is to be noted that as per the Hypothication Agreement, the Financier namely Canara Bank, Anangady can only be the owner
Insurance 11.07.2012
Place Number From
Insurance 10.07.2013 Insurance Comprehensive
To Type
Hypothication Details
Financer HDFC Bank Ltd. Financer Amritsar Finance 11.07.2012
Name Address From
Financer
obtained housing loan of Rs. 28,74,000/- by executing Loan
cum Hypothication Agreement (No.LBDDL00001193667 dated 22-11-2005) and
the complainant stood ... obtained housing loan of Rs. 28,74,000/- by
executing Loan cum Hypothication Agreement(No.LBDDL000001193667) dated
22-11-2005 and the complainant stood
bank.
In the present case the complainant had pledged/ hypothicated his car against which the loan was taken and the bank had a right
policy and
under
7
the
head " 8 ' Insurance - all hypothicated stock with the
bank were insured for full value against all the prescribed
transaction OP contended that the complainant entered into a loan cum hypothication agreement for purchasing TATA SFC 407 bearing Registration No.KL/4/S/8656
justice. The loan of Rs.5.lakhs was advanced on a loan hypothication from guarantee agreement and not as hire purchase agreement as contended
