ARUNA JAGADEESAN
K. K. Saravanakumar – Appellant
Versus
Saravanan – Respondent
The Petitioner, who has been arrayed as A1 in CC.No.255/2004, has filed this Criminal Original Petition to quash the complaint.
.2. The Respondent/complainant has filed the private complaint for the offences under Section 7 of the Tamil Nadu Money Lenders Act and Section 4 of the Tamil Nadu Prohibition of Charging Exorbitant Interest Act, before the learned Judicial Magistrate, Panruti against one Meenakshisundaram in the capacity of Manager of M/s.Citycorp Finance (India) Limited and one K.Thanappan, Manager of M/s.Sriram Transport Finance.
3. The Respondent/complainant is said to have purchased a Swaraj Mazda Van bearing Registration No.TN-31-D-7787 and the Petitioner Company had financed to an extent of Rs.4,58,000/-. The 2nf accused is its Agent. According to the complainant, he had paid all the installments with the office of the 2nf accused and had obtained receipts. It is further stated that when he approached the petitioner Company, he had come to know that the interest was calculated at 10.5% p.a for 47 months at Rs.4,58,000/-, instead of 4.5% p.a. and on that basis, he had been directed to pay the remaining amount, in default to pay the penalty. The Responde
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