Cholamandalam Denies Gaus Mohammad's Loan Extension

Authority: Hon'ble Manoj Kumar Tiwari, J.

Order Date: 24.07.2026

Case Overview

• Parties: Petitioner Gaus Mohammad vs. Respondent Cholamandalam Investment And Finance Company Ltd.
• Nature of Proceeding: Writ petition (WPMS/2173/2026) challenging a loan recovery notice issued by the respondent on 08.07.2026.
• Background: The respondent’s notice stipulated that if the petitioner failed to deposit the entire outstanding loan amount within one week, the financed vehicle would be auctioned. The petitioner claimed inability to pay the full amount in a single instalment and sought permission to repay the loan in instalments.
• Court’s Observations: The Court stated it cannot directly grant the relief of installment repayment. It directed the petitioner to approach the competent authority—specifically the branch manager of the respondent—to seek a reasonable time extension for repayment, as permitted by law.

Final Outcome

• The writ petition was disposed of. The petitioner was granted liberty to make a representation before the branch manager of Cholamandalam Investment And Finance Company Ltd. Any extension of time, if sought, shall be considered in accordance with applicable law.

Topics: Loan Repayment, Consumer Litigation