Punjab

Sangrur

CC/197/2019

Gurdev Singh - Complainant(s)

Versus

SMD Infra Ventures Pvt.Ltd. - Opp.Party(s)

Sh.Darshan Gupta

13 Mar 2023

ORDER

DISTRICT CONSUMER DISPUTES REDRESSAL COMMISSION, SANGRUR .

 

                                                                        Complaint No.  197

 Instituted on:    08.05.2019

                                                                        Decided on:      13.03.2023

 

Gurdev Singh aged 72 years son of Boota Singh, resident of H.No.102, Punia Colony, Street No.4, Sangrur.

                                                          …. Complainant.     

                                                 Versus

1.     SMD Infra Ventures Pvt. Limited, Near Judicial Courts Complex and Clock Tower, Sangrur through its Branch Manager (Complaint against OP No.1 withdrawn on 20.07.2022).

2.     SMD Infra Ventures Pvt. Limited, 22B Balaji Enclave, Lohgarh Road, Zirakpur through its Managing Director. (Complaint against OP No.2 withdrawn on 20.07.2022). 

3.     Jatinder Jain, Advisor/Agent/Director, SMD Infra Ventures Private Limited, Near Judicial Courts Complex and Clock Tower, Sangrur.

             ….Opposite parties. 

For the complainant    : Shri Darshan Gupta,Adv.          

            For OP No.3            : Exparte.

 

Quorum                                           

Jot Naranjan Singh Gill, President

Sarita Garg, Member

                        Kanwaljeet Singh, Member

ORDER

SARITA GARG, MEBBER.

1.             Complainant has approached this Forum/Commission alleging inter-alia that the complainant availed services of OPs by investing a sum of Rs.70,000/- on 04.10.2013 vide certificate S.No.1675 with maturity amount of Rs.1,40,469/- after 66 months of date of deposit. Continuing further, the complainant has also alleged that after expiry of the deadline, he approached various officials of the OPs and requested them to release the maturity amount but latter failed to do the needful and this is how they were clearly deficient in their services.  Even thereafter the complainant approached various authorities on numerous occasions but when nothing was done by the OPs then he was constrained to approach this Forum/Commission with a request for directing the OPs to release a sum of Rs.1,40,469/- along with interest and also for Rs.20,000/- on account of mental agony, pain and harassment and further an amount of Rs.11,000/- as litigation expenses.

2.             Record shows that the learned counsel for the complainant withdrew the present complaint against OP number 1 and 2 vide statement dated 20.07.2022. The OP number 3  though appeared through his counsel, but later on the counsel as well OP number 3 did not appear, as such, OP number 3 was proceeded against exparte on 31.08.2022.

3.             The learned counsel for the complainant produced Ex.C-1 copy of receipt/registration letter and Ex.C-2 affidavit of the complainant and closed evidence.

4.             We have gone through the pleadings put in by the complainant along with  supporting documents with his valuable assistance.

5.             Record shows that OP number 3 neither filed written reply nor produced any evidence. After perusal of the case file, we find that the complainant deposited the amount of Rs.70,000/- with the opposite parties for the period of five years and six months and in turn the OPs were to pay to the complainant an amount of Rs.1,40,469/- on maturity i.e. 3.4.2019. Moreover, from the perusal of the record it has been proved that the complainant has deposited the amount of Rs.70,000/- with the opposite parties as per scheme vide certificate Ex.C-1 and the maturity amount is also shown alongwith maturity date. So, we are of the view that the complainant has successful in proving that he has deposited the  amount of Rs.70,000/- with the opposite parties in the shape of fixed deposit for the period as mentioned above and the opposite parties are bound to pay the amount of Rs.1,40,469/- on its maturity as per their certificate on record.

6.             As a result of the above discussion, the present complaint is allowed and opposite party number 3 is directed to pay to the complainant maturity amount of Rs.1,40,469/- alongwith interest @ 7% per annum from the date of maturity i.e. 3.4.2019 till its realization. Further, the opposite party number 3 is  also directed to pay Rs.5000/- as compensation on account of mental agony and harassment and further an amount of Rs.5000/- as litigation expenses to the complainant. Compliance of the order be made within the period of 60 days from the date of the receipt of the copy of this order.

7.             The complaint could not be decided within the statutory time period due to heavy pendency of cases.

8.             Copy of this order be supplied to the parties free of cost. File be consigned to the records after its due compliance. 

                                Pronounced.

 

                                March 13, 2023.