R. Lakshminarsimha Rao, Member—The unsuccessful complainant is the appellant. His prayer seeking direction to the respondents for payment of amount under maturity bond Rs. 11,000 along with interest @ 36% per annum, Rs. 5 Lakh towards compensation, Rs.10,000 towards damages and Rs. 1,500 towards costs of the complaint was denied by the District Forum.

2. The brief averments of the complaint are that the opposite party Nos. 1 to 4 established finance business under name and style of M/s. Srinidhi Enterprises (Regd.) They have introduced a finance scheme wherein the appellant has joined as subscriber and invested an amount of Rs. 8,000 @ Rs. 500 per month. The opposite parties issued cash certificate with maturity amount of Rs. 11,000 and the date of maturity as 24.9.2002. After the date of maturity the complainant requested the opposite parties to pay the maturity amount, the opposite parties failed to repay the same. The complainant got issued legal notice through his Counsel demanding for refund of the maturity amount of Rs. 11,000 with interest. The complainant submits that the acts of the opposite parties amount to negligence and deficiency in service. Hence, the co