https://www.taxtmi.com/caselaws?id=305636 The Supreme Court allowed the appeal, overturning decisions of lower forums. It affirmed the financier's right to repossess the vehicle under the hire-purchase agreement upon the hirer's default. The court emphasized the necessity of proper notice before repossession, deeming its absence as a deficiency in service warranting compensatory damages. The court criticized excessive compensation awarded previously and instead granted Rs. 15,000 to the complainant for the deficiency in service. en-us Thu, 01 Oct 2020 00:00:00 +0530 Sat, 17 Dec 2022 09:17:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305636 The Supreme Court allowed the appeal, overturning decisions of lower forums. It affirmed the financier's right to repossess the vehicle under the hire-purchase agreement upon the hirer's default. The court emphasized the necessity of proper notice before repossession, deeming its absence as a deficiency in service warranting compensatory damages. The court criticized excessive compensation awarded previously and instead granted Rs. 15,000 to the complainant for the deficiency in service. Case-Laws Indian Laws Thu, 01 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305636