DISTRICT CONSUMER DISPUTES REDRESSAL FORUM, SANGRUR
Complaint no. 548
Instituted on: 16.10.2017
Decided on: 14.12.2017
Kamaljit Kaur aged about 47 years wife of Sh. Gurpreet Singh resident of House No.201, Guru Nanak Pura West Dhuggiti Jallandhar.
…. 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 Gaganjot Singh Advocate
FOR THE OPP. PARTIES : Exparte.
Quorum
Sukhpal Singh Gill, President
Sarita Garg, Member
Vinod Kumar Gulati, Member
ORDER:
Sukhpal Singh Gill, President
1. Kamaljit 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.1,00,000/- with OPs vide FDRs number SGN/004551-52 on 26.06.2013 for a period of 42 months at the rate of 12.20% per annum. The date of maturity of all the FDRs was 26.12.2016. After the maturity date, the complainant submitted original FDRs 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 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.1,50,000/- along with interest @18% per annum till payment,
ii) OPs be directed to pay to the complainant a sum of Rs.25,000/- 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-5 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.1,00,000/- with OPs vide FDRs number SGN/004551-52 on 26.06.2013 for a period of 42 months at the rate of 12.20% per annum. The date of maturity of all the FDRs was 26.12.2016 which is evident from copies of FDRs Ex.C-2 and Ex.C-3. After the due date of said FDRs, the complainant submitted original FDRs 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-1. 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.1,50,000/- 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 14, 2017
(Vinod Kumar Gulati) (Sarita Garg) ( Sukhpal Singh Gill)
Member Member President
