KERALA STATE CONSUMER DISPUTES REDRESSAL

COMMISSION VAZHUTHACAUD, THIRUVANANTHAPURAM.

APPEAL No. 82/2007

JUDGMENT DATED: 19-07-2010

PRESENT:

JUSTICE SHRI. K.R. UDAYABHANU              :   PRESIDENT

SHRI.S. CHANDRAMOHAN NAIR                             : MEMBER

Mr.George Kuruvila,

Managing Director,

‘Vairams’, 112, Thyagaraya Road,

T.Nagar, Chennai-600 017.

Mr.George Kuruvila,

Managing Director,

M/s Integrated Finance Co. Ltd.,

‘Vairams’, 112, Thyagaraya Road,                     : APPELLANTS

T.Nagar, Chennai-600 017.

The Manager,

M/s Integrated Finance Co. Ltd.,

Kuzhithodiyil building,

QMS 25/978, High School Jn,

Cutcherry.P.O, Kollam-691 013.

(By Adv:Sri.S.Reghukumar)

            Vs.

A.     Saradamma,

Sreyas, Thumpra, Mundakkal East,

Kollam – 691 001.

                                                                                    : RESPONDENTS

M.Sahadevan,

Sreyas, Thumpra, Mundakkal East,

Kollam – 691 001.

(By Adv:Sri.R.S.Kalkura)

JUDGMENT

JUSTICE SHRI. K.R. UDAYABHANU:  PRESIDENT

The appellants are the opposite parties in CC.301/05 in the file of CDRF, Kollam.  The appellants are under orders to pay a sum of Rs.7,04,025/- with interest at 9% from 14-06-2005, the date of maturity of the Fixed Deposit with compensation of Rs.25,000/-.

2. The matter relates to the amounts deposited vide FD for 5 years.  The amount ordered to be paid is the matured amount of the FD.

3. The contention of the opposite parties before the Forum was that all such matters are pending before the Madras High Court and a scheme has been approved.

4. The evidence adduced consisted of Ext.P1 to P5.

5. At the time of hearing it was found that the Madras High Court has dismissed the petition filed by the opposite parties under the Companies Act, 1956.  It is submitted by the counsel for the appellant that the matter is pending before the Supreme Court vide the special leave petition filed.

6. In view of the fact that the special leave petition has not been admitted we find that there is no bar for this Commission to dispose of the matter.  There is no other contention except the above mentioned one.  Hence the order of the Forum is confirmed and the appeal is dismissed.

JUSTICE K.R. UDAYABHANU:   PRESIDENT

S. CHANDRAMOHAN NAIR : MEMBER

VL.