Sharada Niketan High School, petitioner herein, purchased NSCs of Rs.50,000/- on 10.7.1996.  Maturity date of the same was 10.7.2002.   Maturity value was maturity Rs.1,00,750/-.  After maturity, petitioner approached the postal authorities to pay the maturity amount of Rs.1,00,750/-.  Respondent paid only the face value of Rs.50,000/- to the petitioner, which it received under protest on 4.1.2003.  Respondent took the ground that NSCs cannot be issued for institutions and, therefore, interest was not payable to the petitioner. 

Being aggrieved, petitioner filed complaint before the District Forum, which allowed the same and directed the respondent to pay the amount of Rs.50,000/- to the Complainant towards compensation along with interest @ 6% from the date of filing the complaint i.e. 19.2.2004 till the date of deposit together with costs of Rs.2,000/-.

Respondent, being aggrieved, filed the appeal before the State Commission, which partly allowed the same.  State Commission did away with the compensation of Rs.50,000/-.  Rest of the order of the District Forum was maintained. 

        Counsel for the petitioner has fairly placed before us a recent judgment of the Supreme Court of India in Arulmighu Dhandayudhapaniswamy Thirukoil, Palani, Tamil Nadu, thr. its Joint Commissioner vs. The Director General of Post Offices, Department of Posts and Ors. – (2011) 13 SCC 220 which squarely concludes the point against the petitioner and in favour of the respondent.

        Since the order passed by the State Commission is in line with the view taken by the Supreme Court, no interference is called for.  Dismissed.