SupremeToday Landscape Ad
Back
Next
Judicial Analysis Court Copy Headnote Facts Arguments Court observation
Listen Audio Icon Pause Audio Icon
judgment-img

V.B.GUPTA, VINAY KUMAR
RADHA AGRO PACKS LTD. – Appellant
Versus
ICICI BANK LTD. – Respondent


Advocates Appeared:
Mr. D.P. Chhachhia, Advocate, for the Appellant; None, for the Respondent

ORDER

V.B. Gupta, Presiding Member - Aggrieved by order dated 5.12.2011, passed by Haryana State Consumer Disputes Redressal Commission, Panchkula (for short 'state Commission'), appellant/complainant has filed this First Appeal against respondents/opposite parties..

2. Brief facts are that appellant raised loan on 6.12.2006 for Rs. 34,62,750 from respondent No. 1. Appellant handed over two blank cheques to respondent No. 1, stating the same to be by way of security towards repayment of outstanding loan, with an understanding that cheques would not be presented for encashment without consent and notice to the appellant. It is further alleged that despite appellant making regular payment towards repayment, respondent No. 1 started harassing it. Further, respondent No. 1 in an arbitrary manner directed appellant to remove the stocks from warehouse within seven days from the issuance of their letter dated 29.8.2007. It was further alleged that respondent No. 1, recalled their loan amount vide their notice, dated 8.12.2007. Respondent No. 1 did not even permit the officials of appellant to enter the cold storage for operating the freezing unit and this caused loss to the vegetable stored

Click Here to Read the rest of this document
1
2
3
4
5
6
7
8
9
10
11
SupremeToday Portrait Ad
supreme today icon
logo-black

An indispensable Tool for Legal Professionals, Endorsed by Various High Court and Judicial Officers

Please visit our Training & Support
Center or Contact Us for assistance

qr

Scan Me!

India’s Legal research and Law Firm App, Download now!

For Daily Legal Updates, Join us on :

whatsapp-icon telegram-icon
whatsapp-icon Back to top