Cheque bouncing charges and :Rs.1,800.00
other charges
Interest for the month : Rs.2,179.00
Prepayment charges @ 5.618% at
O/S principal : Rs.32754 ... recall notice
Ex.PW1/6 - Postal receipt
Ex.PW1/7 - Prepayment of car loan account
notice
Ex.PW1/8 - Copy of statement
Cheque bouncing charges and :Rs.1,800.00
other charges
Interest for the month :Rs.2,891.00
Prepayment charges @ 5.618% at
O/S principal ... Copy of loan recall notice
Ex.PW1/7 - Prepayment of car loan account
notice
Ex.PW1/8 - Copy of statement of account
Plaintiff. It is
stated that the Bank arbitrarily increased the prepayment charges from 0.5%
to 2% in disregard of the agreed terms of the loan ... complaints to banking authorities, the Defendant
persisted in charging the increased prepayment penalty. The Plaintiff
contends that the actions of the Defendant are unlawful
amounts disbursed, the charges payable
were as under:
...
6. Discount 13.00% p.a.
Charges (Clause 7)
7. Handling charges 0.15 % of the total amount ... payment was to be made by the
Plaintiff. Service charges, Discount Charges etc. could be deducted.
However, if any petition for winding up, bankruptcy
Roger Shashoua & Others vs Mukesh Sharma & Others on 1 September, 2025
Author: Prathiba
