Wednesday,
January 9, 2002, Chandigarh, India
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Penalised for non-payment Ludhiana, January 8 According to the complaint, the consumer had deposited Rs 15,000 through fixed deposit receipt no. 2031 on June 10, 1997, with the respondent on which interest at the rate of 14 per cent per annum was payable. The representative of the complainant, Mr S.S. Sarna stated before the forum that deposited amount was payable along with interest at maturity on December 10, 2000. But when the consumer demanded his due amount on maturity, he was refused by the respondent to pay the amount, he added. It was alleged that instead of paying the due amount, the consumer was asked not to visit the office of the respondent for demanding the said amount. Mr Sarna disclosed, “Rs 15,000 as principal amount and Rs 7,350 on account of interest on the said amount interest is due till date.” He demanded from the forum to direct the respondent to pay the said amount. The forum observed that Rs 15,000 was deposited by the consumer on which interest at the rate of 14 per cent was payable, but the opposite party did not pay the same. The forum held that it was clear deficiency on part of the respondent for not paying the due amount in time. |
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