JUDGEMENT
A.K.ANNAMALAI, J. -
(1.) The opposite party is the appellant.
(2.) Complainants filed a complaint against opposite party claiming for a
sum of Rs.10,547/- being the balance interest payable on the deposit made
and Rs.5,000/- towards compensation for mental agony and Rs.5,000/- for
cost of the proceedings.
(3.) The complainants invested 3 amounts of Rs.12,000/- Rs.14,000/- and
Rs.12,000/- respectively in their minor daughters name as deposits on
22.3.86, 3.3.88 and 25.1.93 which are all payable on 27.3.05, 3.3.08 and
25.1.03 respectively along with the accrued interest as per the interest
mentioned in the deposit receipts on maturity and he had preclosed the
deposits on 3.4.02, 28.8.03 and 26.9.03 respectively and the opposite
party after deducting 1% interest towards the preclosure charges and
thereby on 25.4.04 a reply was sent by the opposite party for the request
of the complainants 1% interest repayment for two deposits were repaid
and deposit in the name of Priya was not repaid and hence a legal notice
was issued on 15.3.04 and thereby the complainants filed this complaint
praying for the reliefs as stated above.;
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