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Mumbai Crime: Worli man loses car, EMIs over loan mess

First owner of the car had allegedly taken a loan from a finance company and got the car's RC fraudulently without paying it off

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Kasam Mujavar, complainant

Kasam Mujavar, complainant

A Worli resident, allegedly cheated by a car seller, has lodged a complaint at Ghatkopar police station against the seller and a finance company for seizing his vehicle. The 37-year-old man had bought the car after taking a loan of Rs 9 lakh from Manappuram Finance Ltd, which he was repaying through equated monthly instalments (EMIs).

Kasam Allauddin Mujavar had bought an Innova Crysta from Sachin Uttam Chavan in 2018 for R12 lakh and was handed over its documents, too. "I had the documents checked by a car agent who gave me the green light to buy it. I applied for a car loan at Manappuram Finance Limited with the help of the agent, their representative evaluated the car's price and sanctioned me a loan of Rs 9.26 lakh. The amount was paid to Chavan to clear his loan from Cholamandalam Investment and Finance Company Limited. I also paid him [Chavan] the rest of the amount in cash to get the car and its documents on August 15, 2018. I also got the No Objection Certificate (NOC) from Cholamandalam," Mujavar told mid-day.

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