Punjab

Sangrur

CC/642/2017

Harjinder Kaur - Complainant(s)

Versus

Singhland Investments Limited - Opp.Party(s)

Sh.Udit Goyal

08 May 2018

ORDER

 

DISTRICT CONSUMER DISPUTES REDRESSAL FORUM, SANGRUR

                             

                                                                   Complaint no. 642                                                                                       

                                                         Instituted on:  04.12.2017                                                                                  

                                                          Decided on:    08.05.2018

 

Harjinder Kaur wife of Sh. Kashmir 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

                 

 

ORDER:  

 

 

Sukhpal Singh Gill, President

 

1.             Harjinder Kaur, complainant has preferred the present complaint against the opposite parties (referred to as OPs in short) on the ground that she  invested an amount of Rs.5,00,000/- with OPs in ten policies/FDRs vide  policy/FDR numbers BHW/003100 to BHW/003109  on  06.08.2016 for a period of one year.  The date of maturity of all the policies/FDRs was 06.08.2017 and maturity amount of all the policies was Rs.5,60,000/-. After the maturity date, the complainant submitted original policies/FDRs with OP no.2 on 06.08.2017 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.5,60,000/-  along with interest @18% per annum from 06.08.2017 till payment,

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-11 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 she invested an amount of Rs.5,00,000/- with OPs in ten policies/FDRs vide  policy/FDR numbers BHW/003100 to BHW/003109  on  06.08.2016 for a period of one year.  The date of maturity of all the policies/FDRs was 06.08.2017 and maturity amount of all the policies was Rs.5,60,000/- which is evident from copies of policies/FDRs Ex.C-2 to Ex.C-11.  After the due date of said policies, the complainant submitted original policies and fulfilled all the formalities for releasing the maturity amount and OPs made a note on the copies of the FDRs/ policies regarding receipt of the original policies/ FDRs but the OPs did not release the maturity amount 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.5,60,000/- 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

                May 8, 2018

 

 

 

                 (Sarita Garg)  (Sukhpal Singh Gill)                                                                                                                                                                                                                            

 Member                                     President