ORDER

Heard Mr. Brijender Chahar, Sr. Advocate, assisted by Mr. Nithin Saravanan, Advocate, for the complainant and Mr. Sanjeev Singh, Advocate, for the opposite parties.

2. Solaimalai Enterprises has filed above complaint for directing Religare Finvest Limited and others (the opposite parties) to (i) refund Rs.20999796/-, with interest @18% per annum, the pre-collected amount from the complainant, or (ii) adjust Rs.20999796/-, towards future monthly instalments or principal or towards interest, and (iii) pay Rs.50/- lakhs, as the compensation for mental agony and harassment, (iv) pay Rs.40/- lakhs as punitive damages, (v) pay Rs.50000/-, as the costs of the litigation and (iv) any other relief, which is deemed fit and proper, in the facts of the case.

3. The complainant stated that Religare Finvest Limited (opposite party-1) (for short the RFL) was a financial company, incorporated under the Companies Act, 1956 and engaged in the business of providing loans against property, home loans, financial assistance etc. to the general public. The complainant applied for loan of Rs.25/