Orissa

Bhadrak

CC/96/2020

Smt. Minakshi Mohanty - Complainant(s)

Versus

The Sector Manager, Sahara Credit Co-operative Society Ltd. (Sahara India) - Opp.Party(s)

Md. Akhtar Khan and others

02 Feb 2021

ORDER

DISTRICT CONSUMER DISPUTES REDRESSAL FORUM
BHADRAK
 
Complaint Case No. CC/96/2020
( Date of Filing : 19 Oct 2020 )
 
1. Smt. Minakshi Mohanty
W/o Sri Gokulananda Mohanty, Vill- Samaraipur, Po- Gelpur, Ps- Bhadrak (R), Dist- Bhadrak
Bhadrak
Odisha
...........Complainant(s)
Versus
1. The Sector Manager, Sahara Credit Co-operative Society Ltd. (Sahara India)
Bhadrak Sector Office, KAR Complex, Salandi By-Pass, PO/PS/Dist- Bhadrak (T)- 756100
Bhadrak
Odisha
2. The Teritorial Head, Sahara Credit Co-operative Society Ltd. (Sahara India)
Teritorial Office, Plot No. 50, Saheed Nagar (Near Sahid Nagar Fandi), PO/PS- Saheed Nagar, Bhubaneswar, Dist- Khurda 751007
Khordha
Odisha
............Opp.Party(s)
 
BEFORE: 
 HON'BLE MR. BASANTA KUMAR MALLICK PRESIDING MEMBER
 HON'BLE MRS. AFSARA BEGAUM MEMBER
 
PRESENT:Md. Akhtar Khan and others, Advocate for the Complainant 1
 
Dated : 02 Feb 2021
Final Order / Judgement

DISTRICT CONSUMER DISPUTES REDRESSAL COMMISSION: BHADRAK

Dated the 2nd day of February, 2021

C.D Case No. 96 of 2020

                                        Present 1. Shri Basanta Kumar Mallick, Presiding Member

                                                     2. Afsara Begum, Member

 

Smt. Minakshi Mohanty

W/O Sri Gokulananda Mohanty

Vill- Samaraipur,

 Po- Gelpur,

Ps- Bhadrak (R)

District- Bhadrak                                                              …………..  Complainant

                                                                      Versus

1. The Sector Manager, SAHARA CREDIT CO-OPERATIVE SOCIETY LTD. (SAHARA INDIA), Bhadrak Sector Office, KAR Complex, By-Pass,

Po: Bhadrak,

Ps: Bhadrak (T),

Dist: Bhadrak, Pin- 756100

2. The Teritorial Head, Sahara Credit Co-Operative Society Ltd. (SAHARA INDIA)

Teritorial Office, Plot No- 50, Sahid Nagar (Near Sahid Nagar Fandi)

Po: Sahid Nagar Bhubaneswar, Dist: Khurda- 751007

Dist: Balasore, Odisha 756001

                                                               …….OPPOSITE PARTIES

Counsel For Complainant: Muzahid Akhter Khan, Adv & Others

Counsel For the OPs        :  Ex-parte

Date of hearing:   01.02.2021

Date of order:       02.02.2021

BASANTA KUMAR MALLICK, PRESIDING MEMBER

                                              This dispute arises out of a complaint filed by the complainant alleging deficiency of service and unfair trade practice against the O.Ps. The facts of the complaint are to the effect that the complainant is a bonifide depositor Sahara Credit Co-Op. Ltd. popularly known as SAHARA INDIA LTD, a non-banking financial institution accepting deposit from the common people in shape of term/fixed deposit and Recurring Deposit for a specific period under various schemes. Being motivated by the Sector Manager with a promise and assurance for alluring return, the complainant deposited a sum Rs 14,94,836/- in as many as 15 numbers of fixed deposit accounts for specific period which were likely to be matured on 28.05.2019, 12.03.2020 and 30.02.2020 in respect of all fixed deposits. The total amount deposited was Rs 14,98,836/- as against which the complainant was to receive Rs 17,72,677/- on the date of maturity. The details of the deposit and its maturity value are mentioned in a table as under.

Date of deposit

Account No.

Amount deposited

Date of Maturity

Amount of maturity value

28.05.2016

18466406047

18,000/-

28.05.2019

27,648/-

28.05.2016

18466406048

18,000/-

28.05.2019

27,648/-

28.05.2016

18466406049

18,000/-

28.05.2019

27,648/-

28.05.2016

18466406050

18,000/-

28.05.2019

27,648/-

28.05.2016

18466406051

18,000/-

28.05.2019

27,648/-

28.05.2016

18466406052

10,000/-

28.05.2019

15,360/-

12.09.2018

18467202836

1,00,000/-

12.03.2020

1,17,100/-

12.09.2018

18467202835

1,00,000/-

12.03.2020

1,17,100/-

12.09.2018

18467202837

48,836/-

12.03.2020

57,187/-

12.09.2018

18467202831

1,00,000/-

12.03.2020

1,17,100/-

12.09.2018

18467202832

1,00,000/-

12.03.2020

1,17,100/-

12.09.2018

18467202833

1,00,000/-

12.03.2020

1,17,100/-

12.09.2018

18467202834

60,000/-

12.03.2020

70,260/-

30.03.2019

18467800799

5,90,000/-

30.09.2020

6,76,730/-

30.03.2019

18467800800

2,00,000/-

30.09.2020

2,29,400/-

Total

 

14,98,836/-

 

17,72,677/-

                   That after the date of maturity, the complainant has time and again requested the Sector Manager for payment of maturity value but all of his efforts became fruitless as neither the Sector Manager nor the Territorial Head paid any heed to his request which amounts to deficiency of service and unfair trade practice. Being aggrieved with the attitude and behavior of the officers in position, the complainant filed this case requesting proper adjudication and disposal of the case with a direction to the O.Ps for payment of maturity value together with future interest as on the date of payment along with cost & compensation.

                   Even though the O.Ps have received the notices issued by this Commission, they did not turn up to appear before the Commission nor submitted any written version after sufficient opportunities given. Finally this Commission understood that the O.Ps are not willing to appear before the Commission and submit written version for which the said O.Ps are set ex-parte due to non appearance and the complainant was directed for ex-parte hearing on dt. 01.02.2021.

                     It is observed from the record and material evidences adduced by the complainant that he has deposited the amount of Rs 14,98,836/- in 15 numbers of fixed deposit accounts as highlighted in the above mention table. The said accounts have been matured on different dates as per table but the O.Ps did not pay any maturity value to the complainant in spite of repeated request and persuasions.

                    From the above facts and circumstances it is understood that the O.Ps have intentionally and deliberately caused delay in payment of the maturity value of the above mentioned accounts which leads to deficiency of service and unfair trade practice. It is also felt that the amount deposited by the complainant was his hard earned money saved/invested with the O.Ps to meet the expenses of his future requirements.

             In  C.D.Case No. 71 of 2003  in the case of  Lt. Viju Samuel Vrs M/S Associate Roadways Carriers Ltd (98 (2004) CLT 9 (O S C)   decided on 6.8.2003  Hon’ble  State Commission Odisha  held that :

                    “Absence of O.Ps through notices are held sufficient – O.Ps set ex parte since previous dates- No Written version – State Commission to accept the uncontroverted statement of complainant- Assessment of loss – O.Ps liable to Pay”.           

                       Therefore it is felt necessary to allow the case for payment of the maturity value as mentioned in the above table together with future interest along with cost & compensation.                                                                                     

ORDER

                     In the result, the complaint be and the same is allowed against the O.Ps with cost and compensation. O.Ps are directed to pay maturity value of Rs 17,72,677/- and future interest as would be calculated charging interest admissible to the fixed deposit accounts. Further the O.Ps are directed to pay compensation of Rs 10,000/- for mental agony and harassment and Rs 2,000/- towards cost of litigation. This order must be complied within 30 days from the date of receipt of this order failing which additional 7% interest P.A shall be charged on the awarded amount from the date of order till the date of payment. 

                     This order is pronounced in the open Court on this day of 2nd   February, 2021 under my hand and seal of the Commission.

 
 
[HON'BLE MR. BASANTA KUMAR MALLICK]
PRESIDING MEMBER
 
 
[HON'BLE MRS. AFSARA BEGAUM]
MEMBER
 

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