ORDER

Subhash Chandra, Member—This revision petition filed under section 21 of the Consumer Protection Act, 1986 (in short, the ‘Act’) assails the order of the State Consumer Dispute Redressal Commission, Punjab, Chandigarh (in short, ‘State Commission’) in Appeal No. 202 of 2012 dated 09.05.2014 arising out of order dated 26.12.2008 in complaint no. 8/829 of 2008 of the District Consumer Disputes Redressal Commission, Patiala (in short, ‘District Forum’).

2. The facts of the case as per documents on record are that the petitioner/bank started a scheme known as “KVP Margin Funding” under which the applicant was required to deposit an amount of margin money with the bank. The bank in turn would advance nine times the amount of the margin money as loan to the applicant and procure Kisan Vikas Patras (KVPs) on behalf of the applicant and retain the same till maturity after 8 years and 7 months. During this period the value of the KVPs was expected to double and thereby offer interest higher than the interest that would be charged by the bank on the loan amount. Through a Customer Approval Sheet (CAS) provided by the bank it was specifically stated that the rate of interest would be 7%