G.S.RAJENDRA PRASAD Vs. METTA RAJYA LAKSHMI
ANDHRA PRADESH STATE CONSUMER DISPUTES REDRESSAL COMMISSION
METTA RAJYA LAKSHMI
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(1.) THE unsuccessful opposite parties in
C.D. No. 209/99 on the file of District Forum, Visakhapatnam, are the
appellants before this Commission.
(2.) THE facts in brief are that the complainant has entrusted share certificates of 50 shares issued by the State Bank of India to the
opposite parties. The first opposite party paid Rs. 2,500/ - towards
advance and promised to sell the shares and remit the balance amount. At
that time, the market value of each share was Rs. 293/ -. The first
opposite party did not pay the balance of the amount. The complainant
gave a report to the police and the second opposite party, the
brother -in -law of the first opposite party attended the police station
and assured that he would pay an amount to a tune of Rs. 10,000/ - and
paid Rs. 1,000/ - on 2.7.1998 and promised to pay the balance amount in
nine monthly instalments. Thereafter he paid Rs. 2,000/ - i.e., in all Rs.
(3.) ,000/ - but subsequently failed to pay any amount. The complainant thereupon approached the District Forum to direct both the opposite
parties to pay an amount of Rs. 11,000/ - with interest at 24 per cent per
annum from 13.4.1998 till the date of payment and damages of Rs. 5,000/ -.
3. The first opposite party filed his written version claiming that he paid the entire amount to the complainant and no balance need be
paid to her. It is further alleged that when the first and second
opposite parties went to the police station, on the complaint given by
the complainant, the police obtained the signature of opposite party No.
2 on a blank paper and fabricated acknowledgement of the second opposite party on the said paper. The second opposite party never paid Rs. 3,000/ -
to the complainant. The first opposite party paid Rs. 2,500/ - towards
advance and the complainant gave shares to him and promised to sell the
shares and remit the balance.
Basing on these pleadings and the evidence adduced, the District Forum found that there was deficiency of service and directed
the first opposite party to pay Rs. 10,600/ - with interest at 24 per cent
per annum from 13.4.1998 till the date of payment, besides cost of Rs.
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