A.A.HALBE, G.R.BEDGE, RAJYALAKSHMI RAO
SANCHAYANI SAVINGS & INVESTMENT (I) LTD. – Appellant
Versus
MEERABAI D. SHELAR – Respondent
Mr. Justice A.A. Halbe, President—These appeals are being disposed of by a common judgment as they involve the common question of eligibility of the depositors/complainants to get back the amount deposited in instalments with the present appellant.
Appeal No. 251 — arises out of Complaint No. 223/94
Appeal No. 252 — arises out of Complaint No. 224/94
Appeal No. 253 — arises out of Complaint No. 221/94
Appeal No. 254 — arises out of Complaint No. 222/94.
2. the District Forum, Satara in all these complaints was pleased to order the refund of deposits made by the respective complainants, although the depositors had not paid all instalments for a period of 7 years. The representative for the appellant contended that the orders passed by the District Forum, Satara are not legally warranted against the appellant. The so-called deposits are due for payment in the year 1998 and not earlier. The scheme was for 7 years and all the deposits were made between 1991 and 1992 and hence they mature only in 1998 and in some cases in 1999. The terms of the deposits are clearly stipulated in the agreement and they have been accepted by the complainants/depositors and those terms are binding between
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