Karnataka - Bangalore   

Society `forged' documents

Staff Reporter

BANGALORE: The Karnataka State Consumer Disputes Redressal Commission has found fault with a cooperative society for "forging" documents and denying a member of the maturity value of a fixed deposit. It has directed the society to pay the maturity value with interest to the member.

V.L. Krishna of Kanakapura had made a fixed deposit of Rs. 1 lakh for a period of five years at the Urban Cooperative Credit Society in 1997. When he approached the society seeking payment of the maturity value of Rs. 2.01 lakh, he was allegedly denied payment on the ground that Mr. Krishna had taken a loan of Rs. 80,000 on the security of the said deposit.

Mr. Krishna approached the district consumer forum and filed a complaint, but it was dismissed on the ground that a criminal case was filed against Mr. Krishna by the cooperative society in a Magistrate court. On appeal, the consumer State Commission found that the signatures of Mr. Krishna on three documents differed. Terming it as a case of fraud, the State commission directed the society to pay Rs. 2.01 lakh with interest at 12 per cent an annum to the member. It also asked the society to pay Rs. 5,000 to Mr. Krishna towards the cost of proceedings.

Printer friendly page  
Send this article to Friends by E-Mail

Stories in this Section

`Construct more flats to relocate residents of EWS Quarters'
`Janata Dal (S) will not misuse official machinery'
`IT firms must train students to make them employable'
Inadequate branding blamed for poor response to Chinese products
English: `study pros and cons'
Law suggested to halt growth of slums
Corruption has hindered realisation of goals, says CJ
Is the Government giving a raw deal to Beary?
`Voluntary organisations should not depend on donors alone'
Process to prepare BBMP budget set in motion
Garment workers told to fight for their cause
It was a show for dogs and pet lovers alike
Special gift for Bill Clinton
Centre urged to accord classical status for Kannada
Management students go home with trophies
Members of over 150 laughter clubs take part in therapy session
Society `forged' documents
Four more held in murder case
Woman dies as vehicle overturns
Man found murdered
Two killed in accident
Around the City
In Bangalore Today
Reader's Mail

Copyright © 2006, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu