Punjab

Sangrur

CC/482/2017

Gurmeet Singh - Complainant(s)

Versus

Singhland Investments Limited - Opp.Party(s)

Sh.Udit Goyal

20 Nov 2017

ORDER

 

DISTRICT CONSUMER DISPUTES REDRESSAL FORUM, SANGRUR

                             

                                                                   Complaint no. 482                                                                                         

                                                                    Instituted on:  18.09.2017                                                                                 

                                                                    Decided on:    20.11.2017

 

Gurmeet Singh son of Sh. Pritam Singh resident of village Rajpura, Tehsil Bhawanigarh, District Sangrur.  

                                                …. Complainant.      

 

Versus

 

 

1.       Singhland Investments Limited, 208, 2nd Floor Syall Complex, Above HDFC Bank Limited Ludhiana through its Managing Director.

 

2.       Singhland Investments Limited, Zonal Office: Maharaja Ranjit Singh Market, Shop-cum Flat No.36, Uppli Road, Sangrur through its Branch Manager.        

 

                                                  ….Opposite parties.

 

 

FOR THE COMPLAINANT:       Shri Udit Goyal, Advocate                          

 

FOR THE OPP. PARTIES   :       Exparte.                           

 

 

 

Quorum

                            

Sukhpal Singh Gill, President

Sarita Garg,  Member

Vinod Kumar Gulati, Member

                 

 

 

ORDER:  

 

 

Sukhpal Singh Gill, President

 

1.             Gurmeet 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.3,30,000/-  with OPs  vide different policies/ FDRs number BHW/002613 to BHW/002619 on  31.12.2015. The date of maturity of all the FDRs was 31.12.2016 and maturity amount was Rs.4,25,600/-. After the maturity date, the complainant deposited  original FDRs with Op no.2 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 have been putting off the matter on one pretext or the other. Thus, alleging deficiency in service on the part of OPs, the complainant has sought following reliefs:- 

i)      OPs be directed to pay Rs.4,25,600/- along with interest @18% per annum from the date of maturity,

ii)     OPs be directed to pay to the complainant a sum of Rs.1,00,000/- on account mental agony and harassment and Rs. 22000/- 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-9 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.3,30,000/-  with OPs  vide different policies/ FDRs number BHW/002613 to BHW/002619 on  31.12.2015. The date of maturity of all the FDRs was 31.12.2016 and maturity amount was Rs.4,25,600/- which is evident from copies of FDRs Ex.C-2 to Ex.C-9.  After the due date of said FDRs, the complainant submitted original registration certificate and fulfilled all the formalities for releasing the maturity amount but the OP no.2 put off the matter on one pretext or the other and thereafter the complainant requested the OPs so many times to release the maturity  amount but the OPs did not pay the same till today. 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.4,25,600/- alongwith interest @9% per annum from the date of filing of the complaint till realization. We further order 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

                November 20, 2017

 

 

 

        (Vinod Kumar Gulati) (Sarita Garg)  ( Sukhpal Singh Gill)                                                                                                                                                                                                                    

Member                    Member                        President