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P.RAMAKRISHNAM RAJU, MAMATA LAKSHMANNA
MANAGER, LIC MUTUAL FUND – Appellant
Versus
GUDIPUDI RAMAIAH – Respondent


Advocates:
Counsels for the Parties :
For the Appellant :Mr. M.V.S. Suresh Kumar, Advocate.
For the Respondent: None.

ORDER

Dr. (Mrs.) Mamata Lakshmanna, Member —This appeal is filed by the opposite party Nos. 2 and 3 in C.D. No. 34/1996 on the file of District Forum, Prakasam at Ongole.

2. The complaint was filed to direct the opposite parties to pay Rs. 17,582/- as compensation and also issue share certificates of Dhana Vikas-I. The complainant sent a demand draft dated 9.2.1993 for Rs. 4,988/- for issue of 500 share certificates of Dhana Vikas-I Mutual Fund floated by opposite parties. He neither received the mutual fund unit certificates nor was the amount refunded, hence he sustained loss in foregoing the further benefits, hence the complaint.

Opposite Party No. 2 filed its counter and denied the allegations stating that the certificates were despatched on 13.7.1993 by registered post and hence there was no deficiency. The District Forum however found deficiency in service and directed opposite party Nos. 2 and 3 to pay Rs. 4,988/- with interest at 10 per cent per annum from 9.2.1993 till the date of payment and Rs. 500/- towards costs. Hence the appeal.

3. Going through the records, we find that the complainant submitted draft as stated to the collection centre of first opposite party at Ongole





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