ORDER

Mr. R. Lakshminarasimha Rao, Member (Oral)- The unsuccessful complainant is the appellant. The appellant filed complaint claiming the amount of Rs. 1,30,917 with interest @ 24% p.a. and a sum of Rs. 50,000 towards compensation for suffering mental agony and costs.

2. The appellant joined in the chit group with the respondents for the chit value of Rs. 1,00,000 and the monthly subscription payable for the chit is Rs. 5,000 in duration of 20 months. The chit terminated in February, 2007 and the appellant paid all the 20 instalments and received the chit amount of Rs. 95,000 from the respondents. The appellant had joined another chit in the month of May 2007 for the chit value of Rs. 1,00,000 and the monthly subscription payable for the chit is Rs. 5,000. The chit was commenced on 24.4.2007 and would be terminated in the month of November 2008. The appellant had stated that he paid all the 20 instalments for an amount of Rs. 95,000. The respondents even after completion of the total subscription amount failed to pay the chit amount. The appellant got issued notice dated 6.5.2010 to t