SupremeToday Landscape Ad
Back
Next
Judicial Analysis Court Copy Headnote Facts Arguments Court observation
Listen Audio Icon Pause Audio Icon
judgment-img

M.V.VISWANATHAN, VALSALA SARANGADHARAN
Manager Canara Bank, Kanhangad Branch – Appellant
Versus
Gopalakrishna Shenoy – Respondent


Advocates:
Counsel for the Parties:
1. For the Appellants:Sri P. Balakrishnan, Advocate.

JUDGMENT

M.V. Viswanathan, Judicial member—The appellants were the opposite parties and respondent was the complainant in CC26/2008 on the file of CDRF, Kasaragode. The complaint therein was filed alleging deficiency of service on the part of the opposite party/Canara Bank, Kanhangadu Branch in reducing the rate of interest from 13% to12% and thereby claimed a sum of Rs.55,843 as the loss suffered by the complainant. The opposite parties entered appearance and denied the alleged deficiency of service on their part. They contended that the rate of interest for fixed deposits over 3 years were reduced to 12% from 14.7.1997 as per RBI guidelines and that the Kamadhenu Fixed Deposit Receipt issued to the complainant was due to a mistake and the said mistake was corrected within one year of deposit after duly intimating the complainant. Thus, the opposite parties prayed for dismissal of the complaint.

2. Before the Forum below Ex. A1 fixed deposit receipt was marked on the side of the complainant and B1 to B3 documents on the side of the opposite parties. After hearing both sides, the Forum below passed the impugned order dated 30th July 2008 allowing the complaint and directing the oppo




















Click Here to Read the rest of this document

1
2
3
4
5
6
7
8
9
10
11
SupremeToday Portrait Ad
supreme today icon
logo-black

An indispensable Tool for Legal Professionals, Endorsed by Various High Court and Judicial Officers

Please visit our Training & Support
Center or Contact Us for assistance

qr

Scan Me!

India’s Legal research and Law Firm App, Download now!

For Daily Legal Updates, Join us on :

whatsapp-icon telegram-icon
whatsapp-icon Back to top