Karnataka

Belgaum

CC/363/2015

Laxmi Vayaramudi - Complainant(s)

Versus

The Chairman Neelambika Co-Op Cr Scty Ltd - Opp.Party(s)

K S Ramapure

16 Oct 2015

ORDER

(Order dictated by Smt. Sunita, Member)

ORDER

          The complainant has filed the complaint u/s. 12 of the C.P. Act against the O.Ps. alleging deficiency in service of non payment of the amount of the matured F.D.Rs.

          2) Despite service of notice, both O.Ps. have remained absent. Hence place ex-parte.

          3) In support of the claim made in the complaint, the complainant has filed her affidavit and produced certain documents. We have heard the arguments and perused the records.

          4) Now the point for our consideration is that whether the complainant has proved deficiency in service on the part of the O.Ps. and entitled to the reliefs sought?

          5) Our finding on the point is partly in affirmative for the following reasons.

:: R E A S O N S ::

          6) On perusal contents of the complainant and affidavit filed by the complainant. The opponent society had offered to pay the better rate of interest and as such the complainant had invested the money in form fixed deposits. She has deposited the following sums with opponents details are as below;

SL.No.	FDR A/c. Nos.	Date of Deposit	F.D. Amount	Interest	Maturity Date
1	18	5/12/2002	35,000/-	12.25%	5/12/2003
2	29	5/12/2002	20,000/-	10%	5/1/2003
3	28	5/12/2002	20,000/-	10%	5/1/2003
4	30	5/12/2002	20,000/-	10%	5/1/2003

 

          7) The complainant requested the opponent to return the matured amount, inspite of that opponent went on postponing the same by assigning one or other reasons. Thereafter the opponent got issued legal notice through his counsel said notice was duly served on the opponent. Inspite of that the opponent did not return the F.D.Rs. amount to the complainant. Hence opponent committed deficiency in service as contemplated under the provision of the consumer protection act 1986.

8) On perusal evidence affidavit of the complainant, after maturity of F.D.Rs. the opponent has not paid F.D.Rs. amount. inspite of the demands made to the O.P. has not paid the amount. Hence, the claim of the complainant that inspite of the demands made the amount remained unpaid, has to be believed and accepted. It is well settled legal position that non payment of the amount deposited, amounts to deficiency in service.

          9) Taking in to consideration of various aspects and the decision of Hon’ble Apex Court reported in (2011) SCCR 268 and of the Hon’ble Apex Commission reported in 2013 (2) CPR 574 as well as other subsequent decisions absolutely it is just and necessary to impose cost on daily basis if order remains uncomplied within the period fixed for compliance of the order, so as to have feeling and pinch.

          10) Accordingly, following order.

ORDER

          The complaint is partly allowed.

          The O.Ps. represented by the Chairman and Secretary jointly and severally are directed to pay a sum of Rs.35,000/- to the complainant in respect of F.D.R. A/c. No.18 with interest at the rate of 12.25% P.A. for the period from 5/12/2002 to 5/12/2003 and with future interest at the rate of 8% P.A. from 6/12/2003 till realization of entire amount and in respect of F.D.Rs. A/c. No.28, 29 and 30 an amount of Rs. 20,000/- each with interest at the rate of 10% P.A. for the period from 5/12/2002 to 5/1/2003 respectively and with future interest at the rate of 8% P.A. from 6/1/2003 till realization of entire amount.

          Further, the O.P. represented by the Liquidator is hereby directed to pay a sum of Rs.3,000/- to the complainant towards costs of the proceedings.

          The order shall be complied within 30 days from the date of the order.

If the order is not complied within stipulated period, O.Ps. are hereby directed to pay a sum of Rs.50/- per day to the complainant from the date of disobedience of order, till the order is complied.

 (Order dictated, corrected and then pronounced in the open Forum on: 16^th day of October 2015)

Member                Member                    President.

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