This Judgement Ranked 9 in The Hitlist.: National Consumer Disputes Redressal Commission
This Judgement Ranked 9 in The Hitlist.: National Consumer Disputes Redressal Commission
This Judgement Ranked 9 in The Hitlist.: National Consumer Disputes Redressal Commission
A. Abraham v. Managing Dir. of Kooth. Far. Ser. Co-op. Bank (NCDRC)(New Delhi) : Law
Finder Doc Id # 519080
NATIONAL CONSUMER DISPUTES REDRESSAL COMMISSION
(New Delhi)
Before:- J.M. Malik, Presiding Member and Dr. S.M. Kantikar, Member
Versus
[Paras 3 and 4]
Cases Referred :
P.P. Kapoor v. Government Servants Co-operative House Building Society Ltd., 1 (1999)
CPJ 81.
Dilip Bapat, v. Panchyati Co-operative Housing Society Limited, 1 (1993) CPJ 68 (NC).
JUDGMENT
J.M. Malik, Presiding Member - The key question which falls for consideration is,
"Whether a Member can pick up a conflict with Co-operative Society, under the
Consumer Protection Act?". The facts of this case are these. Ms. Anjana Abraham, the
petitioner/complainant has filed this case through her Power of Attorney, Mr. Abraham C.
Mathew, who is her father. On 29.5.1989, Mr. Abraham C. Mathew, deposited a sum of L
10,000/- under Mangalya Deposit Scheme with the OP/respondent. As per the Scheme,
the complainant was entitled to get back L 1,60,000/- on the date of maturity, i.e.
29.5.2009. When the complainant requested on 5.6.2009, to pay the said maturity
amount, the respondent refused to pay the same. The OPs have admitted that the said
deposit was made. It is averred that the General Body of the Bank reduced the rate of
interest. The petitioner/complainant invested the same and the OP was ready to pay the
interest, as mentioned in the letter dated 30.6.2003.
2. The District Forum partly allowed the complaint, filed by the complainant. The State
Commission accepted the appeal filed by the opposite party/respondent and dismissed
the complaint.
3. We have heard the arguments. As a matter of fact, the consumer fora have no
jurisdiction to try the disputes arising between Co-operative Societies and its Members.
Section 69 of the Co-operative Societies Act, 1969, runs as follows:
"Chapter IX
Settlement of Disputes
Revision dismissed.