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2022 Supreme(Online)(NCDRC) 432

NATIONAL CONSUMER DISPUTES REDRESSAL COMMISSION
M/S. MAHINDRA & MAHINDRA FINANCIAL SERVICES LTD. – Appellant
Versus
JOGINDER & 2 ORS. – Respondent


Advocates:
For the Petitioner: MR. PRASHANT KUMAR & MR. AMIT SINGH
For the Respondent: MR. SANCHAR ANAND & APOORV SINGHAL

ORDER

1.       This revision petition has been filed under Section 21(b) of the Act 1986 in challenge to the Order dated 12.03.2015 of the State Commission in appeal no. 273 of 2014 arising out of the Order dated 31.01.2014 of the District Commission in complaint no. 303 of 2009.

2.       We have heard the learned counsel for the finance co. (the petitioner herein) and have perused the record including inter alia the Order dated 31.01.2014 of the District Commission, the impugned Order dated 12.03.2015 of the State Commission and the petition.

No one appears for the complainants (the respondents herein).

3.  Briefly, the finance co. (M/s Mahindra & Mahindra Financial Service Ltd.) had advanced a loan of Rs. 5,00,000/- to the complainants’ father to purchase a vehicle (Mahindra Scorpio Car). One requirement from the end of the finance co. was for the borrower to obtain life insurance. The same was arranged for by the finance co. itself from an insurance co. of its own choice (Kotak Mahindra Old Mutual Life Insurance Limited). The loan agreement executed by the finance co. had an explicit condition that the life insurance cover will start from the date of disbursement of the loan. The re

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