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SUDIP AHLUWALIA
Atma Steel Limited – Appellant
Versus
Harveer Singh – Respondent


Advocates:
Counsel for the Parties:
For the Petitioner: Nemo
For the Respondent:Mr. Sudhanshu Khandelwal, Advocate with Mr. Shubham Agarwal, Advocate

ORDER

Sudip Ahluwalia, Presiding Member.—This Revision Petition has been filed against the impugned Order dated 10.08.2021 passed by the Ld. State Consumer Disputes Redressal Commission, Uttar Pradesh in FA No.2340 of 1997, vide which, the Appeal filed by the Petitioner was dismissed, and the Order of the Ld. District Forum was upheld.

2. The factual background, in brief, is that the Directors and officers of the Opposite Party were acquainted with the Complainant’s late father, Major Dara Singh, and maintained a close relationship with him. The Director of the Opposite Party visited Kanpur and persuaded the Complainant and his father to deposit money with their Company as a form of security. The Opposite Party assured them that the funds collected from the general public would be used to pay interest to depositors. For those who did not opt for regular payments, the accrued interest would be added to the principal amount, providing greater benefits to the depositor over time. Based on these assurances from the Director of the Opposite Party, the Complainant deposited a sum of Rs.25,000/- on 15.05.1971. The Complainant made this deposit on the understanding that he could withdraw t

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