Punjab

Ludhiana

CC/21/433

Parminder Kumar - Complainant(s)

Versus

Sahara Credit Cooperative Society Ltd - Opp.Party(s)

Ajay chawla Adv

11 Mar 2022

ORDER

DISTRICT CONSUMER DISPUTES REDRESSAL COMMISSION, LUDHIANA.

                                                Complaint No: 433 dated 17.09.2021.                                                        Date of decision: 11.03.2022. 

 

Parminder Kumar Singh son of Ram Naresh Singh, resident of Street No.2, Mundia Khurd, Chandigarh Road, Paramjit Nagar, Ludhiana.                                                                                                                 ..…Complainant

                                                Versus

1. Sahara Credit Cooperative Society Limited, having its registered Office at Sahara India Bhawan, 1, Kapoorthala Complex, Aliganj, Lukhnow, Uttar Pradesh-226024, through its Chairman/President/Authorized person.
2. Sahara Credit Cooperative Society Limited having its authorized centre at Sahara India Pariwar F.C. Office, 4372, Ground Floor, Swarn Complex, Gaispur Road, Lohara, Ludhiana through its Branch Manager/Authorized person.                                                                                                                                              …..Opposite parties 

Complaint U/s. 35 of Consumer Protection Act.

QUORUM:

SH. K.K. KAREER, PRESIDENT

SH. JASWINDER SINGH, MEMBER

 

COUNSEL FOR THE PARTIES:

For complainant             :         Sh. Ajay Chawla Advocate.

For OPs.                         :         Exparte.

 

ORDER

PER K.K. KAREER, PRESIDENT

1.                Briefly stated, the case of the complainant is that in the month of May 2018, an agent of the OPs approached the complainant and allured him to invest his savings with the OPs saying that the OPs would provide good returns in terms of interest. As a result, the complainant deposited a sum of Rs.1,21,970/-. The OPs issued a certificate No.78700489568. The date of maturity was 26.10.2019 and the maturity amount of Rs.1,42,710/-. However, the OPs failed to encash the certificate when they were approached by the complainant after the date of maturity. This amounts to deficiency of service on the part of the OPs. In the end, it has been requested that the OPs be directed to pay a sum of Rs.1,21,970/- with interest @11% per annum and compensation of Rs.5,00,000/-.

2.                Upon notice, OPs did not appear despite service and were proceeded against exparte.

3.                In exparte evidence, the complainant submitted his affidavit as Ex. CA along with documents Ex. C1 and Ex. C2 and closed the evidence.

4.                We have heard the counsel for the complainant and have also gone through the record.

5.                From  the uncontroverted exparte evidence led by the evidence on record, it has been established that the complainant invested amount of Rs.1,21,870/- with the OPs in the month of May 2018. The said amount has not been repaid by the complainant by the OPs. This amounts to deficiency of service on the part of the OPs.  In our considered view, it would be just and proper if the OPs are directed to pay the maturity amount of Rs.1,42,710/- along with interest @8% from 26.10.2019 till date of actual payment along with composite costs of Rs.5,000/-.

6.                As a result of above discussion, the complaint is allowed exparte with an order that the OPs shall be jointly and severally liable to pay the maturity amount of Rs.1,42,710/- to the complainant along with interest @8% per annum  from 26.10.2019 till date of actual payment. The OPs shall further pay a composite compensation of Rs.5,000/- (Rupees Five Thousand only) to the complainant. Compliance of order be made within 30 days from the date of receipt of copy of the order. Copies of order be supplied to parties free of costs as per rules. File be indexed and consigned to record room.

 

                             (Jaswinder Singh)                            (K.K. Kareer)

                    Member                                           President

 

Announced in Open Commission.

Dated:11.03.2022.

Gobind Ram.

 

 

 

Parminder Kumar Singh Vs Sahara Credit                      CC/21/433

Present:       Sh. Ajay Chawla Advocate for complainant.

                   OPs exparte.

 

                   Learned counsel for the complainant closed evidence after tendering affidavit Ex. CA along with documents Ex. C1 and Ex. C2.                              Arguments heard. Vide separate detailed order of today, the complaint is allowed exparte with an order that the OPs shall be jointly and severally liable to pay the maturity amount of Rs.1,42,710/- to the complainant along with interest @8% per annum  from 26.10.2019 till date of actual payment. The OPs shall further pay a composite compensation of Rs.5,000/- (Rupees Five Thousand only) to the complainant. Compliance of order be made within 30 days from the date of receipt of copy of the order. Copies of order be supplied to parties free of costs as per rules. File be indexed and consigned to record room.

 

                             (Jaswinder Singh)                            (K.K. Kareer)

                    Member                                           President

 

Announced in Open Commission.

Dated:11.03.2022.

Gobind Ram.