KERALA STATE FINANCIAL ENTERPRISES LTD. Vs. T.M.RAGHUNATHAN
KERALA STATE CONSUMER DISPUTES REDRESSAL COMMISSION
KERALA STATE FINANCIAL ENTERPRISES LTD.
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(1.) The appellant is the opposite
party/KSFE in OP102/2000 in the file of CDRF, Wayanadu. The appellant is
under orders to pay a sum of Rs. 50,000 as compensation and also to
provide the other benefits and also to pay a sum of Rs. 1,000 as cost.
(2.) The case of the complainant is that he was a subscriber of chitty No.7/99 with a sala of Rs. 2,00,000 with 40 instalments of Rs.5000
each. He had given a proxy to the appellants authorizing to bid the
chitty with up to a deduction of Rs.60,000 i.e. 30%. He was in direct
need of money. Whenever he approached the opposite parties he was told
that they could not bid successfully in favour of the complainant. In
September 1999 he intimated the opposite party that he no longer required
the amount and instructed to cancel the proxy. On 28.1.2000 when he went
to enquire about the balance amount in his sugama account, one of the
staff asked him to execute the cancellation of his proxy in writing,
representing that it is only a formality. Subsequently on 31.1.2000 he
received a letter informing him that he has prized the chitty as early as
16.11.1999 with a discount of Rs.60,000. According to him the appellant has misused the proxy to the disadvantage of the complainant. There is
delay inordinate delay in intimating the prizing of the chitty. He sought
for compensation of Rs.1,00,000 with interest.
(3.) The opposite parties/appellants has denied the allegations. According to them the entire case is a fabricated one. It is alleged that
the complainant came to know that the bidding of chitty on 16.12.99 was
for a discount of: only Rs. 10,050 whereas on 16.11.99 the discount
amount was Rs. 60,000 i.e. 30% of the sala and hence he has raised the
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