NCDRC

NCDRC

FA/141/2004

AMERICAN EXPRESS BANK LTD. &ANR - Complainant(s)

Versus

V.R.RAGHUNATHAN - Opp.Party(s)

MR. SANJAY JAIN

26 Oct 2010

ORDER

NATIONAL CONSUMER DISPUTES REDRESSAL COMMISSION
NEW DELHI
 
APPEAL NO. 141 OF 2004
 
(Against the Order dated 04/02/2004 in Complaint No. 64/1997 of the State Commission Tamil Nadu)
1. AMERICAN EXPRESS BANK LTD. &ANR
BLOCK A , A1 & A2 , ENKAY CENTRE,UDYOG VIHAR ,PHASE-V
GURGAON-16
-
...........Appellant(s)
Versus 
1. V.R.RAGHUNATHAN
NO.35 , S.P DEVELOPMENT PLOT ,GUINDY INDUSTRIAL ESTATE
CHENNAI
-
...........Respondent(s)

BEFORE: 
 HON'BLE MR. JUSTICE R.C. JAIN, PRESIDING MEMBER
 HON'BLE MR. ANUPAM DASGUPTA, MEMBER

For the Appellant :
For the Appellant : Mr. Rahul Malhotra, Advocate
For the Respondent :
For the Respondent : Mr. Sarthak Sarin, proxy
counsel for Mr. P.C. Sen,
Advocate

Dated : 26 Oct 2010
ORDER

Counsel for the parties under instructions state that parties have amicably settled the subject matter of the present appeal in the manner that appellant bank shall pay a sum of Rs.2,00,000/- to the respondent in full and final settlement of his claim and pray that appeal may be disposed of in terms of this settlement. Counsel for the appellant informs that a sum of Rs.3,05,000/- is lying in deposit with this Commission and states that out of the said amount, a sum of Rs.2,00,000/- with proportionate accrued interest thereon may be disbursed to the respondent and the balance amount with the accrued interest thereon may be refunded back to the appellant. We order accordingly. Appeal is disposed of in terms of this settlement.

 
......................J
R.C. JAIN
PRESIDING MEMBER
......................
ANUPAM DASGUPTA
MEMBER

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