Lingaraj Gadanayak v. Tata Motors Finance Ltd. Bbsr
Case brief
What is this about?
Vehicle seizure — financier/borrower dispute — Tata Motors Finance Ltd. — release of seized commercial vehicle (TATA LPT 3118 TC, Regn. No.JH02AU6965) on payment of Rs.1,00,000/- — direction to frame congenial rephasement/restructuring plan for repayment of debt — alleged seizure without hearing contrary to ICICI Bank Ltd. v. Prakash Kaur and RBI seizure guidelines (raised in argument, not adjudicated) — writ petition disposed of — High Court of Orissa, Cuttack — Dr. Justice S.K. Panigrahi — W.P.(C) No.15391 of 2024 — decided 17.09.2024.
What did the court decide?
Writ Petition disposed of with directions: Petitioner to approach the office of the Opposite Parties/Tata Motors Finance Ltd. within ten days; Opposite Parties to release the seized TATA LPT 3118 TC vehicle on payment of Rs.1,00,000/- (Rupees One Lakh Only) and thereafter prepare a congenial rephasement plan comfortable for the Petitioner to repay the debt.