PRESENT

           SMT. ASHA SHETTY           :   HON’BLE PRESIDENT

           SMT.LAVANYA M. RAI       :   MEMBER

                                                                                                                   ORDER

The complaint is allowed. The Opposite Party i.e. Manipal Finance Corporation Limited represented by its Managing Director shall pay a sum of Rs.14,000/- (Rupees Fourteen thousand only) i.e. Shreyus certificates 004584, 004585 and 004586 to the complainant No.1 along with the interest at 10.5% (contractual rate) per annum from the respective date of deposits till the date of redemption and further opposite party shall pay interest at the rate of 12% per annum from the date redemption till the date of payment. And also pay Rs.2,000/- (Rupees two thousand only) awarded as cost of the litigation expenses.  Payment shall be made within 30 days from the date of this order.

The F.D.R., if any, deposited by the Complainant be returned fourth with by substituting the certified.

                 PRESIDENT                         MEMBER