DISTRICT CONSUMER DISPUTES REDRESSAL FORUM, SANGRUR
Complaint no. 528
Instituted on: 06.10.2017
Decided on: 19.12.2017
Charanjit Singh aged about 49 years son of Sadhu Singh resident of House No.311, Dashmesh Nagar Gali No.2, Patiala Road, Sangrur.
…. Complainant.
Versus
1. Singhland Investments Limited, SCO No.36 Maharaja Ranjit Singh Market, Uppli Road, Sangrur through its Branch Manager.
2. Singhland Investments Limited ( Head Office), 208, Syall Complex, Above HDFC Bank Limited Ludhiana through its Managing Director.
….Opposite parties.
FOR THE COMPLAINANT: Shri Naresh Juneja Advocate
FOR THE OPP. PARTIES : Exparte.
Quorum
Sukhpal Singh Gill, President
Sarita Garg, Member
ORDER:
Sukhpal Singh Gill, President
1. Charanjit Singh, complainant has preferred the present complaint against the opposite parties (referred to as OPs in short) on the ground that he invested an amount of Rs.50,000/- with OPs vide FDR number SGN/002423 on 29.02.2012 for a period of 66 months at the rate of 13.40% per annum. The date of maturity of the FDR was 29.08.2017. After the maturity date, the complainant submitted original FDR with Ops and fulfilled all the formalities for releasing the maturity amount. Thereafter the complainant requested the OPs so many times to release the maturity amount but they did not release the maturity amount. Thus, alleging deficiency in service on the part of OPs, the complainant has sought following reliefs:-
i) OPs be directed to pay Rs.1,00,000/- along with interest @18% per annum till payment,
ii) OPs be directed to pay to the complainant a sum of Rs.50,000/- on account mental agony and harassment and Rs. 11000/- as litigation expenses.
2. Notices were sent to the OPs but none has appeared for the OPs despite service. As such OPs were proceeded exparte.
3. The complainant has tendered documents Ex.C-1 to Ex.C-3 and closed evidence.
4. From the perusal of documents placed on the file and after hearing the arguments of the learned counsel for the complainant, we find that it is the case of the complainant that he invested an amount of Rs.50,000/- with OPs vide FDR number SGN/002423 on 29.02.2012 for a period of 66 months at the rate of 13.40% per annum. The date of maturity of all the FDR was 29.08.2017 which is evident from copy of FDR Ex.C-1. After the due date of said FDR the complainant submitted original FDR and fulfilled all the formalities for releasing the maturity amount but the OPs did not release the maturity amount till today. The complainant has also produced on record copy of receipt Ex.C-2. The OPs have not come forward to contest the case of the complainant rather they chosen to remain exparte.
5. For the reasons recorded above, we allow the complaint and direct the OPs to pay to the complainant an amount of Rs.1,00,000/- alongwith interest @9% per annum from the date of filing of the complaint till realization. We further direct the OPs to pay to the complainant an amount of Rs.3500/- on account mental pain agony and harassment and Rs.1500/- as litigation expenses.
6. This order of ours shall be complied with within 60 days from the date of receipt of copy of the order. A copy of the order be supplied to the parties free of charge. File be consigned to records in due course.
Announced
December 19, 2017
(Sarita Garg) (Sukhpal Singh Gill)
Member President
