The complaint is filed to get back the amount deposited in the respondents firm. The case is as follows:

           

The complainant was made to believe that the respondents are receiving deposits from the public and it will be returned with 12% interest when demanded. So the complainant deposited Rs.50,000/- on 23/6/2000 vide receipt No.1752. It was agreed to issue original receipt within six months instead of the temporary receipt. And also promised to refund the deposit with 12% interest when demanded.   The original receipt as promised has not been issued. Meanwhile the respondent firm was closed due to improper functioning and misappropriation of money by the respondents.   The deposit amount has not been returned so far with interest. Hence the complaint.

 

            2. The 1^st respondent called absent and declared exparte.

 

3. The complainant has filed affidavit and produced the receipt which is marked as Exhibit P1.

 

            4 Points: The complainant’s case is that he has deposited Rs.50,000/- on 23/6/2000, believing that the respondents will return the amount with 12% interest as promised. But their promise has not been fulfilled. So the complainant is entitled to get back the amount as per Exhibit P1 receipt with 12% interest.

 

5.There is no evidence to the contrary. It is submitted that no relief sought against 2^nd respondent.

 

            6. In the result the complaint is allowed and the 1^st respondent is directed to pay the amount stated in Exhibit P1 receipt with 12%interest from 23/6/2000 till realization with cost Rs.1,000/- (Rupees One Thousand only) within two months.

 

            Dictated to the Confdl. Asst., transcribed by her, corrected by me and pronounced

in the open Forum this the 9th day of    June 2009.