Punjab

Sangrur

CC/117/2017

Amrik Singh - Complainant(s)

Versus

The National Co-Op Nat Credit Society Limited - Opp.Party(s)

Sh.G.S.Shergill

13 Jul 2017

ORDER

DISTRICT CONSUMER DISPUTES REDRESSAL FORUM, SANGRUR

                            

                                                                        Complaint No. 117

Instituted on:    24.03.2017

                                                                       Decided on:     13.07.2017

 

Amrik Singh son of Jeet Singh, resident of House No.1069, Part-3, Village Balian, Tehsil Dhuri, Distt. Sangrur.

 

                                                        …. Complainant.       

                                         Versus

 

1.     The National Co-op Nat Credit Society Limited, 1^st Floor, Near Muthoot Finance, Roxy Road, Outside Sunami Gate, Sangrur through its Branch Manager Deepak Kumar.

2.     The National Co-op Nat Credit Society Limited, 1^st Floor, Opposite Sunny Enclave, Above HDFC Bank, Kharar-Chandigarh Road, Mohali-140301 through its Managing Director Gurpreet Singh Sidhu/GM/DGM Operation.

             ….Opposite parties.

 

FOR THE COMPLAINANT:      Shri G.S.Shergill, Advocate                          

 

FOR OPP. PARTY NO.1      :              Exparte.                    

 

Quorum

 

                   Sukhpal Singh Gill, President

                   Sarita Garg, Member

                   Vinod Kumar Gulati, Member

                 

ORDER:   

 

Sukhpal Singh Gill, President

 

 

1.             Shri Amrik Singh, complainant (referred to as complainant in short) has preferred the present complaint against the opposite parties (referred to as OPs in short) on the ground that he invested an amount of Rs.1,13,000/-  in single time installment   with OP no.1    vide account number FD0051500118 on 5.10.2015 and the said policy was for the period from 25.09.2015 to 24.09.2016, as such after the maturity of the same, i.e. 24.09.2016, the complainant approached  OP number 1 and requested to make the maturity amount and  further on the request of the OP no.1 on 20.09.2016 the complainant deposited original registration certificate along with application and fulfilled all the formalities for refund of the amount and the OPs issued the acknowledgment on 20.09.2016 to that effect. Thereafter the complainant requested the OPs so many times to release the above said maturity amount but they have been putting off the complainant on one pretext or the other.  The OPs did not release the amount till today. Thus, alleging deficiency in service on the part of OPs, the complainant has prayed that the Ops be directed to make/ release the payment of Rs.1,25,340/- along with interest @18% per annum from the date of maturity i.e. 24.09.2016 till realization and further claimed compensation and litigation expenses.

 

2.             Record shows that the complaint against OP number 2 was dismissed by this Forum vide its orders dated 22.6.2017, as its service could not be affected.

 

3.             Notice sent to OP number 1 was received back with the remarks ‘refused’, as such, OP number 1 was proceeded exparte.

 

4.             The complainant has tendered documents Ex.C-1 to Ex.C-3 and closed evidence.

 

5.             From the perusal of documents placed on the file and after hearing the arguments of the learned counsel for the parties, we find that the complainant had invested an amount of Rs.1,00,000/-  in single time installment for the period of one year i.e. on 25.09.2015 with the maturity date as 24.09.2016 and the maturity amount payable was to the tune of Rs.1,25,430/-, but the same was not paid despite depositing of the original deposit confirmation receipt and other documents as desired by the Ops.  It is worth mentioning here that the Op chose to remain exparte.  Ex.C-2 is the copy of request for payment of the maturity amount and further Ex.C-1 is the affidavit of the complainant to support his contention in the case.  As such, we feel that it is the duty of the OPs to release the agreed/maturity amount, which the Op number 1 failed to release. There is no explanation from the side of the Ops that why the Ops did not release the due amount to the complainant, as such, we find it to be a clear cut case of deficiency in service on the part of the Ops. 

 

6.             For the reasons recorded above, we feel that the OPs have miserably failed to repay the invested/ deposited amount to the complainant and as such we allow the complaint of the complainant and direct the OP number 1 to pay to the complainant an amount of Rs.1,25,340/- along with interest @ 9% per annum from the date of maturity i.e. 24.09.2016 till realization. We further order the OPs to pay to the complainant a sum of Rs.3500/- as compensation on account of mental pain, agony and harassment and also to pay to the complainant a sum of Rs.1500/- as litigation expenses.

 

7.             This order of ours shall be complied with  within 30 days from the receipt of copy of the order.  Copy of the order be supplied to the parties free of charge. File be consigned to records in due course.

Pronounced.

 

                July 13, 2017.

 

 

                                                        (Sukhpal Singh Gill)

                                                                President

 

 

                                                             (Sarita Garg)

                                                                 Member

 

 

                                                        (Vinod Kumar Gulati)

                                                                 Member