1. The appellants / Opposite Parties have preferred this appeal being aggrieved by the Order dated18.12.2012 passed in CC. No. 101/2012 on the file of District Consumer Disputes Redressal Commission, Bijapur.

2. The brief facts of the complaint are hereunder; It is the case of the complainants that the Opposite Parties are the financiers and the complainant is the borrower under the Opposite Party No. 2 who had entered into loan - cum - hypothecation agreement on 20.05.2009 for Rs.4,50,000 in connection with the purchase of commercial vehicle / Tipper Lorry bearing registration No. KA - 25 - A - 9256 agreeing to repay the same in 48 monthly installments at Rs.7,33,500 and to pay the other charges in accordance with the terms of the contract. The complainant had availed the additional loan of Rs.20,000 on 24.03.2010 towards the purchase of tyres to the said vehicle. The complainant purchased the said vehicle for his livelihood. The complainant further alleged that during October 2011 the complainant was ready to close the loan account, but, the Opposite Parties were refused the same. On 20.11.2011 the Opposite Parties informed the complainant through telegraphic and seized the vehi