J.D.KAPOOR, RUMNITA MITTAL
SUREKA COATED TUBES & SHEETS LIMITED – Appellant
Versus
CITI BANK – Respondent
Mr. Justice J.D. Kapoor, President—Complainant is a Public Limited Company who purchased a car after taking a loan from O.P. No. 1. The present complaint has been filed as the said car was forcibly taken by O.P. No. 2 and was not returned to the complainant.
2. Case of the complainant, in brief, is that on or about 5th of (sic.) the complainant applied a loan for the purchase of a Premier Padmini Car. The O.Ps. advanced a loan of Rs. 97,243 to be paid by the complainant in 60 equal monthly instalments of Rs. 2,525 each and the first instalment for the same was to fall due on 1st of November, 1990. The complainant regularly paid 46 instalments failing due till August, 1994 by 24th August, 1994. The O.P. No. 2 with the help of some unauthorised local police officer in police uniform physically snatched the car keys from the said Driver and seized the said vehicle No. DL-3CB-0175. O.P. No. 2 fled along with the said vehicle to an unknown destination. That the said vehicle was allegedly seized for the non-payment of an amount of Rs. 82,318.63p. which inter alia, included Rs. 50,467.10p. on account of the principal besides other charges. The said amount of Rs. 50,467.10 p. included
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