Legal Question in Consumer Law in India

I have sold one ambassador car ,t board,2000 model,on 2004.one finance co given finance to one Siva without changing my name in the RC .the vehicle was running in my name.the permit was renewed on 2006 and was running in my name .insurance was also in my name.this was came to my notice on Dec 08.

i asked Siva how you dare to run the vehicle in my name .he told me the manager of the finance co who gave the idea.i don't know.if u want the vehicle i will give it u.

then i checked he has paid all his due,only default interest of Rs 27300 was there .then i approached the manager how u gave the finance without changing my name in the RC book.he told me that time (2004) one manager was cheated the company about 5 crore left the company.it is not our fault.if u go to court no problem,ours is big co.u cant do anything .

then i decided to purchase the vehicle .after i purchased the vehicle .i approached the manager and now iam ready to pay siva's due.and give noc and i want to cancel the finance.they told me they will give noc in the name of Siva and i have to change RC in his name .is legally correct.if any thing happen during the period of 2004 to 2008. iam only the responsible.this is not my fault and to give noc in my name .

is it possible to get legal remedy? in what ways.pl tell me .

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