By Smt. Padmini Sudheesh, President:<br /> <br /> The complaint is for realization of amount, which are paid as the fixed deposit to the proprietor firm conducted by the respondent. The respondent was conducting monthly deposit taking fixed deposits from public for which they are giving 14% interest for the deposits. The petitioner had deposited a total amount of Rs.1,20,000/- by way of deposit receipt No.54 dated on 1.11.2005 and interest at the rate of 14% per annum for the principal amount. Now the respondent closed the firm on 19.11.2006 and proprietor is seen absconding. The firm is not functioning now. The petitioner is entitled for an amount of Rs.1,20,000/- as principal amount and an amount of Rs.11,200/- as interest from the date of closure of the respondent firm together with a future interest at the rate of 14% per annum from the date of filing of this petition till the realization of the entire amount. But the amount not returned so far. Hence this complaint.<br /> <br /> 2. The respondent called absent and set exparte.<br /> <br /> 3. To prove the case complainant has filed affidavit and one document, which is marked as Ext. P1. <br /> <br /> 4. According to the complainant he is entitled for the deposited amount with 14% interest. Future interest also claimed by the complainant. There is claim for costs and compensation. <br /> <br /> 5. There is no evidence to the contrary. <br /> <br /> 6. Ext. P1 is the deposit receipt. As per Ext. P1 the complainant had received interest up to 1.11.06. So he is entitled for interest only after that date. <br /> <br /> 7. In the result, complaint is allowed and the respondent is directed to return the amount as per Ext. P1 deposit receipt with interest at the rate of 14% per annum from 1.11.06 and 6% interest from today till realization and pay Rs.1000/- (Rupees one thousand only) towards costs to the complainant. Comply the order within two months. <br /> <br /> Dictated to the Confidential Assistant, transcribed by her, corrected by me and pronounced in the open Forum, this the 30th day of August 2008.<br />