ORDER

V.V. Seshubabu, Member – Judicial—The appeal is filed u/s 15 of the Consumer Protection Act, 1986 by the Opposite Party No.3, aggrieved by the order of District Consumer Commission-I, Hyderabad, dated 01.08.2007 in CC 894/2005 where under the opposite parties No.1 to 3 were directed to pay Rs.4,40,000/- along with interest at 12% p.a. from the date of the complaint till the date of realization along with costs of Rs.2,000/- with in a period of 30 days from the date of the receipt of the order. The complaint against Opposite Party No.4 is dismissed.

2. The brief averments of the complaint are that late Dr. Podishetty Laxmaiah Pandari (herein after will be called as deceased) is the relation of opposite parties; that opposite party No.1 is a Chit Fund Company, Opposite Party No.2 is its Managing Director, whereas, Opposite parties No.3 & 4 are the directors in the Opposite Party No.1 Company; the deceased joined as a subscriber in the chits maintained by Opposite Party No.1, way back in 1987; that from then onwards he was the subscriber in one chit or the other continuously with the opposite parties even before the Opposite Party No.1 registered as a Company. The deceased becam