9911796707
TMI Blog1998 (2) TMI 460X X X X Extracts X X X X X X X X Extracts X X X X ..... tter of conversion of the National Saving Certificates and payment of interest, etc., has been allowed, by passing the following order: "Therefore, in our opinion, the complainant has a good case and the opposite party is liable to make the payment of the National Saving Certificates at least at the rate of the 7th Issue. They will also be liable to payment of the interest at the same rate on which the interest was payable on the NSCs till the date of realisation. They shall also pay Rs. 500 as further damages to the claimant on account of loss of interest." 2. The complainant-Market Committee approached the learned District Forum with the grievance that they had purchased from the Sub-Post Master (LSG), Gharaunda, NSCs (Sixth Issue) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the appellant. The appellant does not dispute their liability to pay the basic amount along with interest at the rate of Savings Bank Account. Therefore, the only dispute survives regarding interest to be paid on the amount which was deposited with the appellant. The appellant is directed to pay the basic amount of Rs. 3,00,000 to the respondent within a period of two weeks. The amount of interest may be paid after the disposal of the appeal. The proceedings before the District Forum with regard to the interest part are stayed till the final disposal of this appeal." 4. This order has since been complied with and the principal amount has since been returned to the complainant-Market Committee. Regarding the claim of the Market Committe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... his was due to inadvertance of the staff. In my opinion it does not become a contract binding the Government of India being unlawful and void. As such, this is not a case of deficiency in service either in terms of the law or in terms of the contract as defined in section 2(1)( g ) of the Consumer Protection Act." In view of the binding precedent, which is squarely applicable to the facts and circumstances of the case, we allow the appeal filed by the Postal Department and set aside the order passed by the learned District Forum. Resultantly, the complainant-Market Committee shall not be entitled to receive and the appellants shall not be liable to pay, interest on the maturity amount of the NSCs at the rates admissible on the Certificate ..... X X X X Extracts X X X X X X X X Extracts X X X X
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