Punjab

Sangrur

CC/404/2017

Mandeep Kumar - Complainant(s)

Versus

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

Sh.S.S.Ratol

07 Dec 2017

ORDER

 

DISTRICT CONSUMER DISPUTES REDRESSAL FORUM, SANGRUR

                             

                                                                   Complaint no. 404                                                                                        

                                                                Instituted on:  10.08.2017                                                                                    

                                                              Decided on:    07.12.2017

Mandeep Kumar son of Ramesh Kumar son of Ram Krishan resident of 3/435-C,Guru Nanak Colony Sangrur.

                                                …. Complainant.   

Versus

1.       The National Co op Net Credit Society Limited through its Manager, Outside Sunami Gate, First Floor above the Muthoot Finance Limited, Sangrur.

2.       The National Co-op Net Credit Limited through its Manager, SCO No.46-47, Sector 9-D, Near Matka Chowk, Madhya Marg, Chandigarh.  

                                                  ….Opposite parties.

 

 

FOR THE COMPLAINANT:       Shri Rajinder Sharma,  Advocate                          

 

FOR THE OPP. PARTIES   :       Exparte.                           

 

 

Quorum

                            

Sarita Garg,  Presiding Member

Vinod Kumar Gulati, Member

                 

 

ORDER:  

 

 

Sarita Garg, Presiding Member

 

1.             Mandeep Kumar, complainant 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.22000/-  in the shape of FDR with OPs  vide customer ID number 00157 and account number FD0051500076 for a period of one year and maturity value was Rs.24420/-.  The date of maturity of the FDR was 16.04.2016. After the maturity the complainant visited the OPs for the purpose of realization of the said FDR and submitted the original FDR  but the OPs did not pay the maturity amount of the FDR. Thus, alleging deficiency in service on the part of OPs, the complainant has sought following reliefs:- 

i)      OPs be directed to pay Rs.24420/- along with interest @18% per annum from 16.04.2016 till realization,

ii)     OPs be directed to pay to the complainant a sum of Rs.50,000/- on account mental agony and harassment and Rs.22,000/- as litigation expenses.

2.             Notices were sent to the OPs but none has appeared for the OPs despite service. As such OPs were proceeded exparte.

3.             The complainant has tendered documents Ex.C-1 to Ex.C-6 and closed evidence.

4.             From the perusal of documents placed on the file and after hearing the arguments of the learned counsel for the complainant, we find that it is the case of the complainant that he invested an amount of Rs.22000/- in the shape of FDR with OPs  vide customer ID number 00157 and account number FD0051500076 for a period of one year and maturity value was Rs.24420/- which is evident from copy of FDR Ex.C-1 on record . The complainant has alleged that after the maturity of the FDR  he approached the OPs to release the maturity amount  and submitted the copy of the FDR with the OPs but they did not release the maturity amount. The OPs have not come forward to contest the case of the complainant rather they chosen to remain exparte. As such evidence produced by the complainant has gone unrebutted on record.

5.             For the reasons recorded above, we allow the complaint and direct the OPs to pay to the complainant an amount of Rs.24420/- alongwith interest @9% per annum from the date of filing of the complaint till realization. We further order the OPs to pay to the complainant an amount of Rs.3500/- on account mental pain agony and harassment and Rs.1500/- as litigation expenses.       

6.             This order of ours shall be complied with within 60 days from the date of receipt of copy of the order. A copy of the order be supplied to the parties free of charge. File be consigned to records in due course.                       

                Announced

                December 7, 2017

 

 

 

        (Vinod Kumar Gulati)                                      (SaritaGarg)                                                                                                                                                                                                                     

Member                                                  Presiding Member