THE DISTRICT CONSUMAR DISPUTES REDRESSAL FORUM No.419, Ist Floor,. H.N. Gowda Building, M.B.Road, Kolar-563101 consumer case(CC) No. CC/07/335
B.A.Lakshmi
...........Appellant(s)
Vs.
The Branch Manager
...........Respondent(s)
BEFORE:
Complainant(s)/Appellant(s):
OppositeParty/Respondent(s):
OppositeParty/Respondent(s):
OppositeParty/Respondent(s):
ORDER
CC Filed on 24.12.2007 Disposed on 03.05.2008 BEFORE THE DISTRICT CONSUMER DISPUTES REDRESSAL FORUM, KOLAR. Dated 03.05.2008 PRESENT: Sri. G.V.HEGDE, President. Sri. T.NAGARAJA, Member. Smt. K.G.SHANTALA, Member. --- Consumer Complaint No.335/2007 B.A.Lakshmi, D/o Late P.L.Adinarayana, Assistant Teacher, Aged about 28 years, Geetha Mandira Road, Bagepalli 561 207. Complainant (By Advocate Sri. G.V.Gopala Reddy) V/S 1. The Branch Manager, Kolar District Co-operative Central Bank Ltd., Bagepalli Branch, Bagepalli 561 207. 2. The Managing Director, Kolar District Co-operative Central Bank Ltd., Head Office, Kolar. Opposite Parties (Ex-parte) ORDERS This is a complaint under section 12 of the Consumer Protection Act, 1986 praying for a direction against the opposite parties to pay a sum of Rs.4,18,756/- to the complainant with current and future interest at 24% per annum from the date of maturity of deposit till the date of realization with costs etc., CC No.335/2007 2. The opposite party No.2 is a banking institution having its head office at Kolar and branches all over Kolar District. Opposite party No.1 is one of the branches situated at Bagepalli Town. Opposite party No.1 collected deposit from complainant, the particulars of which are as follows: Nature of Deposit Amount of Deposit in Rs. Date of Deposit Date of Maturity Rate of Interest per annum Maturity Amount in Rs. Ksheera Nidhi Deposit Sl. No.13039 206000 15.10.2001 16.10.2007 12% 418756 It is alleged by complainant that even after maturity of deposit the opposite parties failed to repay the amount inspite of repeated demands. 3. The opposite parties remained absent, though served with notice by muddam on OP-2 and through RPAD on OP-1. They have not filed any version. 4. The complainant filed affidavit in support of allegations made in the complaint. We heard the learned counsel for complainant and perused the records. The non-payment of deposit after its maturity by a banking institution for any reason amounts to deficiency in service. The subsequent interest may be awarded at 8% per annum on the maturity amount subsequent to the date of maturity. Separate compensation need not be awarded as interest is payable. CC No.335/2007 5. For the above reasons we pass the following: O R D E R The complaint is allowed with costs of Rs.1,000/-. The opposite parties shall pay Rs.4,18,756/- (Four Lakhs Eighteen Thousand Seven Hundred Fifty Six only) to complainant with interest at 8% per annum on the said amount from 17.10.2007 till the date of payment within 45 days from the date of this order. Dictated to the Stenographer, corrected and pronounced in open Forum this the 3rd day of May 2008. MEMBER MEMBER PRESIDENT
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