Orissa

Koraput

CC/5/2018

Sri Biswambar Panigrahi - Complainant(s)

Versus

Sri Prasanna Kumar Panda, Agent, Sahara India. - Opp.Party(s)

Self

04 Dec 2018

ORDER

DISTRICT CONSUMER DISPUTE REDRESSAL FORUM
KORAPUT AT JEYPORE,ODISHA
 
Complaint Case No. CC/5/2018
( Date of Filing : 15 Jan 2018 )
 
1. Sri Biswambar Panigrahi
At-Parabeda, Jeypore
Koraput
Odisha
...........Complainant(s)
Versus
1. Sri Prasanna Kumar Panda, Agent, Sahara India.
At-Ziru Lane, Parabeda, Jeypore
Koraput
Odisha
2. The Manager, Sahara India, Jeypore Sector.
Subham Complex, in front of V.D.College, Jeypore.
Koraput
Odisha
3. Managing Director-cum-Chairman, Sahara Credit Cooperative Society Ltd.
Sahara India Bhawan, 01-Kapoorthala Complex, At/PO-Aliganj, Lucknow-226 024
Uttarpradesh
............Opp.Party(s)
 
BEFORE: 
 HON'BLE MR. BIPIN CHANDRA MOHAPATRA PRESIDENT
 HON'BLE MRS. Nibedita Rath MEMBER
 HON'BLE MR. Jyoti Ranjan Pujari MEMBER
 
For the Complainant:Self, Advocate
For the Opp. Party: None, Advocate
 Sri S.K.Mohanty, Advocate
 None, Advocate
Dated : 04 Dec 2018
Final Order / Judgement

1.                     The brief history of the case of the complainant is that he had opened a Recurring Deposit A/c in the scheme namely Sahara.M.Benefit w.e.f. 26.3.2012 vide A/c No.24224202315, Membership No.24221201439 and deposited @ Rs.300/- per month with OP No.2.  He deposited the monthly premium of Rs.300/- from 26.3.2012 to 30.4.2015 for continuous 37 months for a total sum of Rs.11, 100/-.  It is submitted that the complainant being in need of money, approached the OP.2 to close his above accounts and pay the proceeds thereof.  The complainant also demanded his claims by depositing necessary papers with the Ops but the OP.2 on different pleas is not willing to release the proceeds.  It is submitted that instead of repeated approach and demands, the Ops are stick up to their stand for which he is suffering mental agony for want of money.  Thus alleging deficiency in service and unfair trade practice on the part of the Ops, he filed this case praying the Forum to direct the Ops to refund Rs.11, 100/- with interest as per scheme and to pay Rs.20, 000/- towards compensation and cost to the complainant.

2.                     The Ops in spite of valid notice and repeated adjournment did not file counter but Sri S. K. Mohanty, Advocate appeared on behalf of OP.2 through proper Vakalatnama.

3.                     The complainant has filed certain documents in support of his case. Heard from the OP.2 through its A/R and perused the materials available on record.

4.                     In this case, it is an admitted fact that the complainant has availed Sahara schemes from the Ops on 26.03.2012 under monthly R.D. and deposited Rs.11, 100/-.  The complainant has filed copy of R.D. passbook. His case is that he approached Ops to close the accounts and pay the proceeds but the Ops are not paying any heed to the requests of the complainant with different pleas.

5.                     We have heard from the A/R for the OP No.2 in absence of counter.  However, the allegations of the complainant remained unchallenged in view of documents available on record.

6.                    While coming to the merit of this case, it is seen that the complainant has deposited his money under the scheme Sahara.M.Benefit.  When the complainant needs his money, the Ops have no right to retain the money involved in it.  On approach of the complainant, it is obligatory on the part of the Ops to release the benefits forthwith but in this case due to non release of maturity value the complainant has approached this Forum.  The Op.2 through his A/R has come up with untenable plea that the complainant has never approached them with necessary papers for release of his money.  Hence non release of amount in favour of the complainant after due demand, in our opinion certainly amounts to unfair trade practice on the part of the Ops.  Due to non receipt of deposited amount with benefits, the complainant must have suffered some mental agony but in the peculiar circumstances of the case, we are not inclined to grant any compensation in favour of the complainant except a sum of Rs.2000/- towards cost of this litigation.  Further in this case, the OP.2 has issued passbook and received the amount.  Hence the said OP.2 is liable to pay the deposited amount to the complainant with due interest as per scheme till date of payment.  The OP No.3 being the head of the Sahara Group is also jointly liable for payment of maturity amount to the complainant.

7.                     Hence ordered that the complaint petition is allowed in part and the Ops.2 & 3 being jointly and severally liable are directed to refund Rs.11, 100/- under Sahara.M.Benefit scheme with as usual rate of interest and benefits under the scheme from the date of deposits till actual payment and to pay Rs.2000/- towards cost to the complainant within 30 days from the date of communication of this order.  If the Ops fail to make payment within the given period, they are to pay Rs.100/- towards compensation per day to the complainant from the date of this order over and above the guaranteed interest under the scheme.

(to dict.)

 
 
[HON'BLE MR. BIPIN CHANDRA MOHAPATRA]
PRESIDENT
 
[HON'BLE MRS. Nibedita Rath]
MEMBER
 
[HON'BLE MR. Jyoti Ranjan Pujari]
MEMBER

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