Punjab

Sangrur

CC/633/2017

Varun Gupta - Complainant(s)

Versus

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

Sh.Navit Kumar Puri

12 Feb 2018

ORDER

 

DISTRICT CONSUMER DISPUTES REDRESSAL FORUM, SANGRUR

                             

                                                                   Complaint no. 633                                                                                        

                                                                Instituted on:  01.12.2017                                                                                   

                                                              Decided on:    12.02.2018

 

Varun Gupta Advocate son of Raj Kumar Gupta resident of H.No.215, Mandir Bahar Godam, Sangrur.

                                                …. Complainant.   

Versus

 

1.       The National Co-op Nat Credit Society Limited , First Floor Opposite Sunny Enclave, above HDFC Bank, Kharar-Chandigarh Road, Mohali-140301 through its Managing Director. 

2.       Gurpreet Singh Sidhu Managing Director, The National Co-op Net Credit Limited  SCO No.46-47, Sector 9-D, Near Matka Chowk, Madhya Marg, Chandigarh-160009.  

                                                  ….Opposite parties.

 

FOR THE COMPLAINANT:       Shri Navit Puri Advocate                          

 

FOR OPP. PARTY No.1   :            Given up

                          

FOR OPP. PARTY No.2   :            Exparte.

 

Quorum

                                                

Sukhpal Singh Gill, President

Sarita Garg,  Member

Vinod Kumar Gulati, Member

                 

 

ORDER:  

 

 

Sukhpal Singh Gill, President

 

1.             Varun Gupta, 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.48000/-  in the shape of FDR with OPs  on 18.06.2015 vide customer ID number 001717 and account number FD0051500089 for a period of one year and maturity value was Rs.53280/-.  The date of maturity of the FDR was 17.06.2016. After the maturity the complainant visited the OPs for the purpose of realization of the said FDR and submitted the bond and documents but the OPs run away after closing their branch. As such 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.53280/- along with interest @18% per annum from 18.06.2016 till realization,

ii)     OPs be directed to pay to the complainant a sum of Rs.20,000/- on account mental agony and harassment and Rs.20,000/- on account of deficiency in service and unfair trade practice

iii)    OPs be directed to pay Rs.5,000/- as litigation expenses.

2.             Notices were sent to the OPs but none has appeared for the OP no.2 despite service. As such OP no.2 was proceeded exparte. The OP no.1 was given up by the learned counsel for the complainant.  

3.             The complainant has tendered documents Ex.C-1 to Ex.C-3 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.48000/- in the shape of FDR with OPs  on 18.06.2015 vide customer ID number 001717 and account number FD0051500089 for a period of one year and maturity value was Rs.53280/-.  The date of maturity of the FDR was 17.06.2016which is evident from copy of FDR Ex.C-2 on record. The complainant has alleged that after the maturity of the FDR he approached the OPs to release the maturity amount submitted the bond and documents 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.53280/- 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

                February 12, 2018

 

 

 

        (Vinod Kumar Gulati)        (SaritaGarg)    ( Sukhpal Singh Gill)                                                                                                                                                                                                                 Member                    Member              President