West Bengal

Purba Midnapur

CC/112/2016

Saktinath Mondal - Complainant(s)

Versus

The Branch Manager, Greenage Food Products Ltd. - Opp.Party(s)

Himanshu Sekhar Samanta

04 Nov 2016

ORDER

DISTRICT CONSUMER DISPUTES REDRESSAL FORUM
PURBA MEDINIPUR
ABASBARI, P.O. TAMLUK, DIST. PURBA MEDINIPUR,PIN. 721636
TELEFAX. 03228270317
 
Complaint Case No. CC/112/2016
 
1. Saktinath Mondal
S/o. Tribhanga Mondal, Vill. & P.O. Hogla, P.S. Tamluk, Dist. Purba Medinipur
Purba Medinipur
West Bengal
...........Complainant(s)
Versus
1. The Branch Manager, Greenage Food Products Ltd.
Sister Concern of Pincon Group of Companies, Mecheda Branch, P.O. Mecheda, P.S. Kolaghat, Dist. Purba Medinipur, PIN.721137
Purba Medinipur
West Bengal
2. The Managing Directors, Greenage Food Products Ltd.
Greenage Food Products Ltd., Sister Concern of Pincon Group of Companies, 7, Red Cross Place, 3rd Floor Wellesley House, Calcutta 700 001.
Kolkata
West Bengal
............Opp.Party(s)
 
BEFORE: 
 HON'BLE MRS. JUSTICE Smt. Bandana Roy PRESIDENT
 HON'BLE MRS. Syeda Shahnur Ali,LLB MEMBER
 
For the Complainant:Himanshu Sekhar Samanta, Advocate
For the Opp. Party:
Dated : 04 Nov 2016
Final Order / Judgement

Smt. Bandana Roy, President

This is a complaint made by Sri Saktinath Mondal against the Branch Manager and Managing Director of GREENAGE FOOD PRODUCTS LTD., praying for a direction upon the OPs to return the redemption value of Debentures of Rs.30075/- and matured value of Recurring Deposit of Rs.35000/- along with interest @ 10% till realization, and compensation of Rs.20000/- with litigation cost of Rs.10000/-.

In short, case of the Complainant, is that, he invested a sum of Rs.15000/- as Debentures on 26.09.2011 with the OP No. 2 through OP No. 1 for being Certificate No. B/6813/34748/14604. The date of redemption of the above Debentures was 25.12.2015. The complainant also invested a sum of Rs.700/- per month as recurring deposit from 30.11.2012 with the OP No. 2 through OP No. 1 for 3 years being Certificate No. 00058856. The maturity value of the said deposit was Rs.35000/- which matured on 29.11.2015.  On maturity, Complainant demanded the matured values from the OP and submitted all relevant documents to facilitate this. However, OPs have not settled his claim hence, this case.

OP No. 2 appeared but did not file WV, the case is heard ex-parte against OP No. 1 and OP. No. 2.

Point to be considered in this case is whether or not the Complainant is entitled to the relief(s) sought for by him.

Decision with reasons

We have carefully perused the affidavit of the complainant and all the documents filed by the complainant.

After consulting the uncontroverted documents of the complainant we have no hesitation to hold that the complainant is entitled get relief, as prayed for.

This complaint case, thus, succeeds.

Hence,

O R D E R E D

That CC/112/2016 be and the same is allowed exparte against the OPs. OPs are directed to pay, Debenture redemption value of Rs.30075/- and matured value of Recurring Deposit of Rs.35000/- totaling Rs.65075/- to the complainant within four months from the date of this order for ends of justice, in default, OPs will have to pay interest at the rate of 10% p.a. till final payment. OPs are further directed to pay compensation of Rs.5000/- and Rs.2000/- as litigation cost to the complainant within four months from the date of this order, failing which OPs will be liable to pay Rs.100/- daily as punitive charges which will be payable to the Consumer Welfare Fund.

Let the copies of the judgement be supplied to all the parties free of cost.

 
 
[HON'BLE MRS. JUSTICE Smt. Bandana Roy]
PRESIDENT
 
[HON'BLE MRS. Syeda Shahnur Ali,LLB]
MEMBER

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