ORDER

Mrs. M. Shreesha, Member - Aggrieved by the order in C.D. No. 963 of 2004 on the file of District Forum-I, Hyderabad, opposite party No. 5 preferred this appeal.

2. The brief facts as set out in the complaint are that opposite party No. 1 is the chit fund company of which opposite party No. 2 is the Managing Director, and opposite parties 3, 4 and 5 are Directors and the complainant joined as a member of opposite party No. 1 chit series No. SP 42 BDH-47 for Rs. 1,00,000 on the basis of daily subscription of Rs. 200 for 500 days. The complainant paid a total amount of Rs. 81,298 from 23.12.2001 to 29.4.2003 and in the month of May 2003, the complainant wanted his money back for the purpose of the marriage of his daughter and requested opposite party No. 1 to settle and pay the said chit amount. In spite of repeated requests of the complainant, opposite party No. 1 informed the complainant that they are facing financial problems and agreed to pay a total amount of Rs. 88,459 towards full and final settlement and issued eight post dated cheques to be encashed during the period from October 2003 to December 2003. The complainant submitted on presentation of the said cheques, they w