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

CONSUMER COMPLAINT NO.478  OF  2023

BEFORE:

          PAWANJIT SINGH, PRESIDENT

          SURJEET KAUR, MEMBER

          SURESH KUMAR SARDANA, MEMBER

          TANYA TREHAN, MEMBER – NATIONAL LOK ADALAT

PRESENT:

Sh.Devinder Kumar, Advocate for Complainant (through VC).

None for OP No.1 & 2.

Complaint against OP No.3 & 4 dismissed being not pressed vide order dated 11.01.2024.

Dated :  11^th May 2024

AWARD

1.   Vide his separate statement recorded on 07.05.2024, Sh.Mandeep K.Dhot, Counsel for OP No.1 & 2 has stated that the matter has been settled between the parties amicably and as per settlement, the OP No.1 & 2 shall refund premium amount of Rs.1,50,000/- to the complainant within a period of 28 days from 07.05.2024 in full and final settlement of the present matter, failing which the OP No.1 & 2 shall be liable to pay the aforesaid amount alongwith interest @ 12% p.a. from the date of filing of present consumer complaint. It has been further stated by counsel for OP No.1 & 2 that the aforesaid amount shall be transferred in the bank account, the details of which are being provided by complainant in his statement. Vide his separate statement recorded on 07.05.2024, Sh.Prabhjot Singh Gill, Complainant in person has admitted the aforesaid statement of counsel for OP No.1 & 2 and prayed that the complaint be disposed of in terms of aforesaid settlement in National Lok Adalat. It has been prayed by complainant that the aforesaid amount may kindly be transferred into the following bank account of his mother namely Salwant Kaur since the premium amount was paid by his mother at the time of purchase of the policy:-

     Name of A/c Holder Salwant Kaur 

  Name of Bank       Punjab National Bank

  Branch             Kharar Branch, SAS Nagar Mohali

  Account No.        0266000107439709

     IFSC Code          PUNB0026600

2.   In view of the statements of the counsel for OP No.1 & 2 & complainant in person and in terms of the settlement, the complaint stands disposed of by passing the following order:-

1. OP No.1 & 2 shall refund premium amount of Rs.1,50,000/- to the complainant within a period of 28 days from 07.05.2024 and the aforesaid amount shall be transferred in the aforesaid bank account of Salwant Kaur straightway through electronic mode.
2. In case OP No.1 & 2 fails to pay the aforesaid amount within the stipulated period, then OP No.1 & 2 shall be liable to pay the same alongwith interest @ 12% p.a. from the date of filing of present consumer complaint i.e. 30.09.2023 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.