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RAM SURAT RAM MAURYA
Kantilal Jamnadas – Appellant
Versus
Jammu & Kashmir Bank Ltd. – Respondent
ORDER
Heard Mr. Chandrachud Bhattacharya, Advocate, for the complainants and Mr. Pallav Saxena, Advocate, for the opposite parties.
2. Kantilal Jamnadas and Mrs. Vibhuti Jamnadas have filed above complaint for directing The Jammu & Kashmir Bank Limited and another (the opposite parties) to pay (i) Rs.44963377/-, as the maturity amounts of FDR No.0301998/04 dated 31.03.2004 (being Rs.32864313/-) and FDR No.933740/04 dated 05.05.2004 (being Rs.12099064/-) with interest, at the same rate as payable on FDR from March, 2006 and May, 2006, respectively, till actual payment, (ii) Rs.50/- lacs, as the compensation for deficiency in service, (iii) Rs.one lac, as the costs of the litigation and (iv) any other relief, which is deemed fit and proper, in the facts and circumstances of the case.
3. The facts, as stated in the complaint and emerged from the documents attached with the complaint, are as follows:—
(a) The complainants had FDR No.0398625, of maturity value of Rs.16957925/- on 26.03.1998 and FDR No.0398640 of maturity value of Rs.6431354/- on 03.03.1998, in their joint names with Vysya Bank Limited, Mumbai. The complainants wrote letters dated 25.03.1998 and 27.03.1998, respectively
(1) Continuing Guarantee - the guarantee can be utilised at any time before the maturity date or after maturity date, but guarantee were not limited till the date of maturity. The bank under the auth....
“Any customer who deposits amount under Reinvestment Plan is under assumption that the FDR will be renewed either till he approaches or gives any other specific instruction to the Bank.”
Point of Law-In civil suit when an application is filed under Order I Rule 10 of Civil Procedure Code for joining State Bank of India as necessary party a clear assertion is made with regard to this ....
Consumer claims are maintainable notwithstanding alternative remedies under cooperative society laws.
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