NAKALMUTHANPATTI PRIMARY AGRICULTURAL CO-OPERATIVE BANK LTD Vs. KANAGAVALLI
TAMIL NADU STATE CONSUMER DISPUTES REDRESSAL COMMISSION
Click here to view full judgement.
N.KANNADASAN, J. -
(1.) In this case along with three other appeals, Appellants herein are the
opposite parties before the District Forum.
(2.) The opposite parties namely the Society has received the deposits from
the complainants wherein it is agreed to refund the deposits with
specified rate of interest as set out in the said Fixed Deposit Receipt.
However, at the time of disbursement of amounts, the Society is not in a
position to pay the amount along with interest as agreed, but however it
would pay only interest at the rate of 7.5%. Under the said
circumstances, the complainant has approached the District Forum seeking
relief as stated therein and the District Forum has allowed the
complaint, against which the present appeal is filed.
(3.) The only issue to be resolved in these appeals are as to the rate of
interest payable by the Society to the depositors.;
Copyright © Regent Computronics Pvt.Ltd.