PRESENT

       SMT. ASHA SHETTY           :  HON’BLE  PRESIDENT

       SMT.LAVANYA M. RAI       :   MEMBER

COMMON ORDER IN

C.C. Nos. 413, 417, 420

 and 423/2014

ORDER

The complaints are allowed. Opposite Parties are jointly and severally shall pay the entire amount mentioned in the daily pigmy scheme in CC.No.413/2014 Rs.52,200/- (Rupees Fifty two thousand two hundred only) i.e Ex.C1, Fixed Deposit Receipts in CC.No.417/2014 Rs.84,500/- (Rupees Eighty four thousand five hundred only) i.e Ex.C1 to C4, in CC.No.420/2014 Rs.2,61,675/- (Rupees Two lakhs sixty one thousand six hundred seventy five only) i.e Ex.C1 to C4, in CC.No.423/2014 Rs.13,25,800/- (Rupees Thirteen lakhs Twenty five thousand eight hundred only) i.e Ex.C1 to C6,  along with contractual rate of interest from the respective date of deposits till the date of maturity to the complainants and thereafter Opposite Parties shall pay interest at the rate of 12% per annum from the respective date of maturity till the date of payment. And also pay Rs.2,000/- (Rupees two thousand only) in each case towards the cost of the litigation expenses.  Payment shall be made within 30 days from the date of this order.

The F.D.R. if any deposited by the Complainant be returned fourth with by substituting the certified.

The copy of this order as per the statutory requirements be forwarded to the parties and therefore the file be consigned to record.

PRESIDENT                            MEMBER