KERALA STATE CONSUMER DISPUTES REDRESSAL COMMISSION VAZHUTHACAUD THIRUVANANTHAPURAM APPEAL NO.420/09 JUDGMENT DATED 26.5.2010 PRESENT JUSTICE SHRI.K.R.UDAYABHANU -- PRESIDENT SRI.M.K.ABDULLA SONA -- MEMBER 1. M/s.Integrated Finance Co.Ltd; “Vairams” 112, Thyagaraya Road, T.Nagard, Chennai – 600 017. 2. George Kuruvila, Managing Director, Integrated Finace Co.Ltd. “Vairams” 112, Thyagaraya Road, T.Nagar, Chennai – 600 017. 3. The Branch Manager, Integrated Finace Co.Ltd. Alappuzha Branch, Nachungal Buildings, East of IronBridge, Alappuzha. 4. John Mathew, -- APPELLANTS Asst.Vice President, Integrated Finace Co.Ltd. “Vairams” 112, Thyagaraya Road, T.Nagar, Chennai – 600 017. Reptd. by its Managing Director. 5. P.B.Achiah, Director, Integrated Finace Co.Ltd. “Vairams” 112, Thyagaraya Road, T.Nagar, Chennai – 600 017. 6. D.G.Nair, Director, Integrated Finace Co.Ltd. “Vairams” 112, Thyagaraya Road, T.Nagar, Chennai – 600 017. (By Adv.Joy Joseph & Ors.) Vs. Smt.Girija Nair, Lakshmi Nivas, -- RESPONDENT Chemipumpuram, Alappuzha. (By Adv.G.Valsala) JUDGMENT JUSTICE SRI.K.R.UDAYABHANU,PRESIDENT The appellants are the opposite parties in CC.59/08 in the file of CDRF, Alappuzha. The appellants are under orders to return the deposited amount of 70,000/- with interest 15% per annum from the date of deposit and a sum of Rs.10,000/- as compensation and Rs.2000/- as costs. 2. The complainant is with respect to the sum of Rs.70,000/- deposited with the opposite party in bonds with the assured growth of 15%. 3. The opposite parties were ex-parte in the Forum. 4. The evidence adduced consisted Ext.A1 to A3. 5. It is submitted by the counsel for the appellant that the scheme propounded under the Companies Act has been set aside by the Division Bench of the Chennai High Court and that the matter is pending before the Supreme Court. He admitted that there is no stay order in the matter. 6. In the circumstances, the order of the Forum is sustained subject to the modification in the order with respect to the amount of compensation ordered. We find that the order of compensation is unwarranted in the light of the fact that the Forum has ordered interest at 15%. The above portion of the order is deleted and the rest is sustained. 7. In the result, the appeal is allowed in part as above. The office will forward the copy of this order to the Forum urgently. JUSTICE K.R.UDAYABHANU -- PRESIDENT M.K.ABDULLA SONA -- MEMBER s/L | 
