9911796707
TMI Blog2001 (3) TMI 899X X X X Extracts X X X X X X X X Extracts X X X X ..... is is an appeal against the judgment and order dated 2-8-2000 passed by District Consumer Forum, Muzaffarnagar in Complaint Case No. 179/1997. 2. The facts of the case stated in brief are that the complainant alongwith her husband took a fixed deposit of Rs. 20,000 on 31-5-1988 for 84 months. In this fixed deposit, half of the amount was belonging to the complainant and the other half to the h ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... osited in fixed deposit. The fixed deposit receipt was pledged by the complainant s husband after taking a loan from Verma Agro Industries. As soon as the amount is paid back, the fixed deposit receipt will be released. The complainant cannot demand the money. The Bank has a right to pay the amount to any one of the depositors as the payment was to be made on either or survivor. The complainant ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Forum also awarded a compensation of Rs. 3,000 and cost of Rs. 1,000. 6. Aggrieved against the order of the learned District Forum, Punjab National Bank has come in appeal and has challenged the correctness of the order passed by the District Forum. 7. We have heard the learned Counsel for the parties and have perused the evidence on record. 8. The only question which arises for consid ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e fixed deposit receipt on behalf of one of the depositors. The Bank was within its right to do so. Thus we find that the learned District Forum was not correct in coming to the conclusion that the husband of the complainant alone was not competent enough to mortgage the fixed deposit against the loan. This finding of the learned District Forum is not based on the evidence available on record and ..... X X X X Extracts X X X X X X X X Extracts X X X X
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