BEFORE A.P STATE CONSUMER DISPUTES REDRESSAL COMMISSION AT HYDERABAD

F.A.No.1092 OF 2010 AGAINST C.C.NO.75 OF 2009 DISTRICT FORUM ONGOLE AT PRAKASAM DIST

Between:

1.           

       nd

2.                  st       

Mr.K.Nageswara Rao S/o Sri Ramulu
aged 35 years, Occ: Business
R/o 39-8-19(12), Gopal Nagar,
1^st

Respondents/complainant

Counsel for the Appellant        

Counsel for the Respondent    

         QUORUM:  

                       SRI THOTA ASHOK KUMAR, HON’BLE MEMBER

MONDAY THE TWENTY NINETH DAY OF OCTOBER

Oral Order (As per Sri R.Lakshminarasimha Rao, Hon’ble Member)

                                               1.             refund the monthly subscription

2.       `20,,000/-.. The chit was commenced from 27.04.2007 and the respondent participated in the auction conducted `3,26,000/- . The respondent  

3.         4.       

5.            

6.    

8.             `50,000/- towards the foreman’s commission,`2,75,000/- towards bid loss and still he is liable to pay an amount of`70,000/- to the appellant-chit fund 9.    

10.   `10,00,000/- and commencement of the chit from 31.05.2007 are not disputed.   `3,26,000/- .

11.            

12.            

a)     

b)      

c)     

d)     

e)      

13.           

“The Foreman has a right to recover any loss or loses from the subscriber who has either decamped or has not furnished security to the satisfaction of the foreman within 60 days from the date of auction.    

14.    

15.   

16.           

MEMBER

                                                                                                                                      KMK*