Karnataka

Bangalore 1st & Rural Additional

CC/997/2019

Sri. M.R. Raghuram - Complainant(s)

Versus

Kotak Mahindra Mutual Fund - Opp.Party(s)

Sri. Pranesh Chandra

04 Jul 2019

ORDER

BEFORE THE BENGALURU RURAL AND URBAN I ADDITIONAL
DISTRICT CONSUMER DISPUTES REDRESSAL FORUM , I FLOOR, BMTC, B BLOCK, TTMC BUILDING, K.H.ROAD, SHANTHI NAGAR, BENGALURU-27
 
Complaint Case No. CC/997/2019
( Date of Filing : 18 Jun 2019 )
 
1. Sri. M.R. Raghuram
S/o Late M.S. Ramaiah, Major, 56 years, Gokula House, Dr. M.S. Ramaiah Road, Gokula Bangalore-560054.
...........Complainant(s)
Versus
1. Kotak Mahindra Mutual Fund
Registered office 27, BKC, Plot No.27 G-Block, Bandra Kurla Complex Bandra East, Mumbai-400051.
2. Kotak Mahindra Bank
Investor Service Center, Trade Center, 1st Floor, 45, Dikenson Road, (Next to Manipal Centre) Bangalore-560042. Represented by its Regional Manager.
............Opp.Party(s)
 
BEFORE: 
 HON'BLE MR. H.R.SRINIVAS, B.Sc. LL.B., PRESIDENT
 HON'BLE MR. SURESH.D., B.Com., LL.B. MEMBER
 
For the Complainant:
For the Opp. Party:
Dated : 04 Jul 2019
Final Order / Judgement

      CC.No.997/2019

Dated: 04.07.2019

This Complaint is filed by the complainant seeking return of Rs.9,39,057/-from OPs and also Rs.9,39,057/- being the interest at 24% per annum from 16.04.2019 onwards. Rs.4,00,000/- for rendering deficiency in service by OPs and Rs.4,00,000/- as damages for causing mental trauma, agony and harassment and for cost of litigation.

        On perusing the same, the said amount works out to be Rs. 26,78,114/- which exceeds pecuniary jurisdiction of this forum. Hence the complaint is not maintainable and ordered to be returned to the complainant for presentation before the Hon’ble State Consumer Dispute Redressal Commission, Bengaluru.

 

MEMBER                 PRESIDENT

 
 
[HON'BLE MR. H.R.SRINIVAS, B.Sc. LL.B.,]
PRESIDENT
 
 
[HON'BLE MR. SURESH.D., B.Com., LL.B.]
MEMBER
 

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