Punjab

Sangrur

CC/157/2018

Jumma Singh - Complainant(s)

Versus

SMD Premier Thrift & Credit Co-operative Society Ltd. - Opp.Party(s)

Sh.Vinay Kumar Jindal

23 May 2018

ORDER

 

DISTRICT CONSUMER DISPUTES REDRESSAL FORUM, SANGRUR

                             

                                                                   Complaint no. 157                                                                                        

                                                                 Instituted on:  03.04.2018                                                                                  

                                                               Decided on:    23.05.2018

 

Jumma Singh @ Juma son of Gujjar Singh resident of #192, Ghumara Wala Mohala, Ward No.2, Rajpura, Care of Sunami Patti Rajpura, Longowal, Tehsil and District Sangrur.     

                                                …. Complainant.   

 

Versus

 

1. SMD Premier Thrift & Credit Co-operative Society Limited, Near Liberty Show Room, Backside Post Office, Sangrur through its Branch Manager.
2. SMD Premier Thrift & Credit Co-operative Society Limited, through its Chairman, Head Office Outside Sunami Gate, Above IDBI Bank, Sangrur -148001.
3. Sandeep Kumar Jindal son of Kulbhushan Kumar Jindal Executive Member of SMD Premier Thrift & Credit Co-operative Society Limited, Near Liberty show room, backside  Post Office Sangrur.
4. Jatinder Jain  son of Kundan Lal Jain, Exeuctive Member of SMD Premier  Thrift & Credit Co-operative  Society Limited resident of #12/482, Shekhupura Basti, Backside OBC Bank, Sunami Gate, Sangrur.        

                                                                                                                    ….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.             Jumma 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.100000/- with OPs no.1 and 2 through OPs no.3 and 4 on 30.06.2015   for a period of one year i.e. upto 29.06.2016. The OPs will  refund an amount of Rs.1,11,500/- after one year.  After expiry  of one year the complainant deposited the original bond certificate alongwith all other requisite documents with the OPs  and requested the OPs to release the maturity amount but the OPs  deposited an amount of Rs.5000/- in the saving bank account number of the complainant.  Thereafter the OPs issued another cheque of Rs.10,000/- to the complainant which was dishonoured due to " insufficient funds".    Thereafter the  complainant demanded his  remaining maturity  amount from the OPs  but the OPs  did not pay the same  till today. Thus, alleging deficiency in service on the part of OPs, the complainant has sought following reliefs:- 

i)      OPs be directed to make the payment of Rs.1,06,500/- along with Interest @18% per annum from the date of maturity

ii)     OPs be directed to pay to the complainant a sum of Rs.20,000/- on account mental agony and harassment

iii)     OPs be directed to pay Rs.20000/- 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 he  invested an amount of Rs.100000/- with OPs no.1 and 2 through OPs no.3 and 4 on 30.06.2015   for a period of one year i.e. upto 29.06.201 and  OPs had to repay an amount of Rs.1,11,500/- after one year which is evident from bond certificate Ex.C-2.  The complainant has further stated that after expiry  of one year he deposited the original bond certificate alongwith all other requisite documents with the OPs  and requested the OPs to release the maturity amount but the OPs  deposited an amount of Rs.5000/- in the saving bank account number of the complainant.  Thereafter the OPs issued another cheque of Rs.10,000/- to the complainant which was dishonoured due to " insufficient funds".   After that  the  complainant demanded his  remaining maturity  amount from the OPs  but the OPs  did not pay the same . The OPs have not come forward to contest the case of the complainant rather they chosen to remain exparte. As such evidence produced by the complainant has gone unrebutted on record.

5.             For the reasons recorded above, we allow the complaint and direct the OPs to pay to the complainant remaining maturity amount of Rs.1,06,500/- 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

                May 23, 2018

 

 

 

       ( Vinod Kumar Gulati)     (SaritaGarg )        ( Sukhpal Singh Gill)                                                                                                                                                                                                                       

Member                Member                          President