V.BALAKRISHNA ERADI, B.S.YADAV, S.S.CHADHA, R.THAMARAJAKSHI, S.P.BAGLA
PUNJAB NATIONAL BANK – Appellant
Versus
CHARAN SINGH GURA SINGH @ CHARAN SINGH TUTEJA – Respondent
Mr. Justice B.S. Yadav, Member—This first appeal has been filed by the opposite party against the order dated 24.6.93 passed by the State Consumer Disputes Redressal Commission, Gujarat, Ahmedabad. By the impugned order the State Commission has ordered the opposite party to pay Rs. 82,785/- with running interest @ 12% p.a. from 7.8.92 till the date of realisation to the complainant. The complainant was also awarded Rs. 500/- as costs. The respondent No. 1 herein was the complainant before the State Commission. The parties will be referred to by their nomenclature.
2. According to the allegations in the complaint the complainant is a client of the opposite party-Punjab National Bank. On 6.8.91 the complainant made a fixed Deposit of Rs. 75,000/- with the opposite party for a period of one year. The deposit was to carry interest @ 12% per annum. The deposit matured on 5.8.92. Thus the complainant was entitled to receive Rs. 82,785/- as the maturity value of the fixed deposit. He approached the Bank but the amount was not paid to him. He filed a complaint before the State Commission claiming the maturity value of the fixed deposit as well as for loss in profit and compensation for
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