ORDER

D. Appa Rao, President - This is an appeal preferred by opposite party Nos. 1, 2 Shriram Investments Ltd., against the order of the District Forum directing it pay Rs. 40,000 together with costs of Rs. 2,000.

2. The case of the complainant in brief is that he is an employee in Singareni Colonies Ltd., and resident of Godavari Khani. The opposite party held camps at Karimnagar for expanding its business viz., financial services. The branch office at Khammam agreed to advance money for purchase of a tipper under hire purchase agreement, and accordingly advanced an amount of Rs. 7, 50,000 on 8.6.2005 where under he was liable to repay the amount in 36 EMIs. Accordingly he paid Rs. 2, 65,603 towards 14 instalments to the agent when he came for collection. Since he was busy with his office duties he intended to sell it away and repaid the entire loan. When he approached Op2 it had agreed to issue No Objection Certificate . While cancelling the agreement it demanded Rs. 98,787 towards loan amount and Rs. 11,057 towards interest. Accordingly he paid the said amount. In fact it had collected an excess amount of Rs. 79,087. There upon he gave legal notice seeking for refund of amount. T