The petitioner is seeking for a direction to expedite the enquiry pending in CEPC(Che)/932/02.02.002/2016-17, on the basis of the complaint made by the petitioner dated 07.11.2016.
2. The grievance of the petitioner is that there is levy of exorbitant interest by the City Financial Consumer Finance India Limited, contrary to the contract. The petitioner has made a complaint against the Non-Banking Company to the respondent herein. The respondent had sent a notice.
3. The respondent in proceedings No.CEPC(Che)/932/02.02.002/ 2016- 2017, dated 14.12.2016 has informed that the petitioner will be updated of the reply of the Non Banking Financial Company. More than six months has passed. However, no action has been taken by the respondent so far. Therefore, the petitioner seeks a direction to expedite the enquiry pending before the respondent.
4. Considering the limited prayer, this Court is of the considered view that there shall be a direction to the respondent to expedite the enquiry and to complete the proceedings, after giving opportunity to both the petitioner as well as the Non Banking Financial Company, within a period of twelve weeks from the date of receipt of copy of this order.
5. Accordingly, this writ petition is disposed of. No costs.
21.06.2017 Speaking Order/Non-Speaking Order Index: Yes/No Internet:Yes/No To The Banking Ombudsman, Reserve Bank of India, Chennai.
M. GOVINDARAJ, J.
asi/kal
W.P.No.15569 of 2017
21.06.2017
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