Before the Upbhokta Lok Adalat held in District Consumer Disputes Redressal Commission-I, U.T., Chandigarh

CONSUMER COMPLAINT NO. 313  OF  2023

BEFORE:

          PAWANJIT SINGH, PRESIDENT

          SURJEET KAUR, MEMBER

          SURESH KUMAR SARDANA, MEMBER

          MANJIT KAUR, MEMBER – UPBHOKTA LOK ADALAT

PRESENT:

None for Complainant.

Sh.Gaurav Bhardwaj, Advocate for OP.

Dated :  20^th January 2024

AWARD

1.   Vide his separate statement recorded on 03.01.2024, Sh.Gaurav Bhardwaj, Counsel for OP has stated that the matter has been settled between the parties and as per settlement, the OP will refund the amount of Rs.25,62,000/-, i.e. after deduction of five annuities already paid of Rs.87,600/- half yearly each from total premium of Rs.30,00,000/-, to the complainant within a period of four weeks from 03.01.2024 in full and final settlement of the present matter, failing which the OP shall be liable to pay the aforesaid amount alongwith interest @ 9% p.a. from the date of filing of present consumer complaint. Vide his separate statement recorded on 03.01.2024, Sh.Sukhbir Maandi, Counsel for Complainant has admitted the aforesaid statement of counsel for OP and prayed that the complaint be disposed of in terms of aforesaid settlement in Upbhokta Lok Adalat.

2.   In view of the statements made by the counsels for the parties and in terms of the settlement, the complaint stands disposed of by passing the following order:-

1. OP will refund the amount of Rs.25,62,000/- to the complainant within a period of four weeks from 03.01.2024.
2. In case OP fails to pay the aforesaid amount within the stipulated period, then OP shall be liable to pay the same alongwith interest @ 9% p.a. from the date of filing of present consumer complaint i.e. 21.06.2023 till the payment is made.

3.   The award is accordingly passed.

4.   Certified copies of this order be sent to the parties free of cost. The file be consigned.