AI Overview...
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Repossession of Vehicle on Default - The company has the right to repossess the vehicle if the hirer defaults on installment payments, as per the Hire Purchase Act, 1972, Section 20. The hirer argued that repossession was justified due to non-payment, and the FIR did not constitute an offense, supporting the company's claim Vinod Kumar Dewan VS State of U. P. - Allahabad.
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Supurdgi (Custody) of Vehicle - The petitioner sought that the vehicle be given in supurdgi (custody) to the financer, indicating that upon default, the vehicle can be held in custody by the financier, aligning with legal provisions for repossession and custody in hire purchase agreements Vinod Kumar Dewan VS State of U. P. - Allahabad.
Analysis and Conclusion:
Based on the legal framework under the Hire Purchase Act, 1972, and relevant case facts, a vehicle can be given in supurdgi to the financer if the borrower defaults on installment payments. The act explicitly grants the right to repossess and hold the vehicle in custody, provided the proper legal procedures are followed.
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