V.B.GUPTA, PREM NARAIN
Chief Manager Authorised Officer State Bank of Mysore – Appellant
Versus
G. Mahimaiah – Respondent
Prem Narain, Member—This appeal has been filed by the Chief Manager, State Bank of Mysore against the order dated 11.6.2014 of the State Commission.
2. In short, the case is that the appellant bank auctioned a property which was mortgaged against a loan and G. Mahimaiah the respondent was the highest bidder in the auction. The bid was confined by the competent officer on 4.8.2006. The total amount of Rs. 1,01,05,000 was deposited by the purchaser on 17.11.2006 and the registry before the sub registrar was done on 17.11.2006. However, the possession of the said property could only be given on 7.3.2011. The Respondent filed a consumer complaint dated 5.4.2013 before the State Commission claiming that there was a deficiency in service as he was given the possession after roughly five years. The State Commission vide its order dated 11.6.2014 allowed the consumer complaint and ordered that;
“Complaint is allowed in part. OP is directed to pay interest at 15% p.a. on Rs. 1,01,05,000 from 17.11.2006 to 5.3.2011 with compensation of Rs. 25,000 and litigation expenses of Rs. 10,000. Further the OP is directed to comply with the above order within a period of 30 days from the date of r
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