ORAL

C/303/2019

Murlidhar Ram Narayan Educational Trust V/s The Chairman & Managing Director, Bank of Baroda and another                         

                   31-10-2019

Learned Counsel Sri Dinesh Chandra Mishra appeared for complainant and submitted that the valuation of complaint is above Rupees One Crore. Therefore, the complainant should be permitted to withdraw the complaint with liberty to file complaint before Hon’ble National Commission.

I have considered the submission made by learned Counsel for the complainant.

The complaint has been filed by complainant for redressal of grievance arising out of transaction of loan. The sanctioned loan amount is Rs.6,96,00,000/-. Therefore, in view of principle laid down by Hon’ble National Commission in the case of Ambrish Kumar Shukla and others V/s Ferrous Infrastructure Pvt. Ltd. reported in 2016(4) CPR 83 NC the valuation of complaint is above Rupees One Crore. Therefore, this State Commission has no jurisdiction to entertain complaint.

In view of above complaint is returned to complainant with liberty to file it before Hon’ble National Commission in accordance with law.

                              President                                 

          Pnt.

          Court-1