Karnataka

Kolar

CC/07/334

M.Maruthi Bai - Complainant(s)

Versus

The Branch Manager - Opp.Party(s)

G.V.Gopal Reddy

29 Apr 2008

ORDER


THE DISTRICT CONSUMAR DISPUTES REDRESSAL FORUM
No.419, Ist Floor,. H.N. Gowda Building, M.B.Road, Kolar-563101
consumer case(CC) No. CC/07/334

M.Maruthi Bai
...........Appellant(s)

Vs.

The Branch Manager
...........Respondent(s)


BEFORE:


Complainant(s)/Appellant(s):


OppositeParty/Respondent(s):


OppositeParty/Respondent(s):


OppositeParty/Respondent(s):




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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.334/2007 Smt. M.Maruthi Bai, W/o S.Ramesh Babu, Age 35 years, New Lakshmipura, Thondebavi Road, Manchenahalli, Gowribidanur Taluk, Chikkaballapur District. Complainant (By Advocate Sri. G.V.Gopala Reddy) V/S 1. The Branch Manager, The Kolar District Co-operative Central Bank Ltd., Gowribidanur Branch, Gowribidanur – 561 208. 2. The Managing Director, The Kolar District Co-operative Central Bank Ltd., Kolar District, 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.1,21,266/- 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.334/2007 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 Gowribidanur 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.10069 60000 25.04.2001 25.10.2006 13% 121266 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.334/2007 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.1,21,266/- (One Lakh Twenty One Thousand Two Hundred Sixty Six only) to complainant with interest at 8% per annum on the said amount from 26.10.2006 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