Punjab

Sangrur

CC/161/2018

Sukhwinder Kaur - Complainant(s)

Versus

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

Sh.Vinay Kumar Jindal

11 Jul 2018

ORDER

 

DISTRICT CONSUMER DISPUTES REDRESSAL FORUM, SANGRUR

                             

                                                                   Complaint no. 161                                                                                         

                                                                  Instituted on:  04.04.2018                                                                                    

                                                                  Decided on:    11.07.2018

 

Sukhwinder Kaur w/o Jagraj Singh resident of #58, Mahil Khurd, Longowal, 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 Kundan Lal Jain Executive  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 Vinay Jindal Advocate                       

 

FOR THE OPP. PARTIES              :   Exparte                         

 

Quorum

                   

                            

Sukhpal Singh Gill, President

Sarita Garg,   Member

Vinod Kumar Gulati, Member

                            

 

ORDER:  

 

 

Sukhpal Singh Gill, President.

 

1.             Sukhwinder Kaur, complainant has preferred the present complaint against the opposite parties (referred to as OPs in short) on the ground that on the assurance of the OPs no.3 and 4, she invested an amount of Rs.66600/-  with OPs  on 09.06.2015 and OPs had to repay an amount of Rs.73926/-  after one year as maturity amount on 08.06.2016. The OPs issued bond number 666 dated 09.06.2015. After expiry of one year the complainant deposited original bond certificate alongwith all other requisite documents with OPs and fulfill all the formalities.  Thereafter the complainant number of times requested the OPs  to pay the maturity amount but OPs did not accede the request of the complainant  and at last refused to make   the payment.  Thus, alleging deficiency in service on the part of OPs, the complainant has sought following reliefs:- 

 

i)      OPs be directed to refund the maturity amount of Rs.73926/- alongwith interest @18% per annum from the date of maturity till realization,

ii)     OPs be directed to pay to the complainant a sum of Rs.10,000/- on account mental agony and harassment,

iii)     OPs be directed to pay Rs.10000/- as litigation expenses.

2.             None has appeared for OPs  despite service  and as such OPs were proceeded exparte.

3.             The complainant has tendered documents Ex.C-1 to Ex.C-2 and closed evidence.

4.             From the perusal of the documents placed on the file, we find that the complainant invested an amount of Rs.66600/-  with OPs  on 09.06.2015 and OPs had to repay an amount of Rs.73926/-  after one year as maturity amount i.e. on 08.06.2016 which is evident from the policy document/bond  number 666 dated 09.06.2015 Ex.C-2. The complainant has further stated that after expiry of one year she submitted original bond certificate alongwith all other requisite documents with OPs and fulfill all  the formalities  and also requested the OPs  number of times  to pay the maturity amount but OPs did not accede the request of the complainant  and at last they refused to make   the payment. 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 refund to the complainant an amount of Rs.73926/- alongwith                                                                                                                                                                                                                                                                                                                                                                                                                                                                      interest @9% per annum from the date of maturity  i.e. 08.06.2016 till realization.  The OPs are further directed to pay to the complainant a consolidated amount of compensation of Rs.10000/- on account of mental pain, agony, harassment and litigation.

7.             This order of ours shall be complied with within 30 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

                July 11, 2018

 

 

 

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

                         Member              Member                      President