News Details

11 02 2020

Consumer court ordered NBFC over truck seizure.


Witfin, non-banking finance company (NBFC) has drawn the ire of consumer court for dishonouring its earlier order. On 7th Feb, the court had asked NBFC to release a truck owned by a resident of Ajwa Road, which it had seized despite the owner paying the defaulted loan amount. However, the finance company did not release the truck and demanded parking charges from the borrower. The court ordered Witfin to immediately release a truck without demanding any further amount.

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