9911796707
TMI Blog2000 (6) TMI 769X X X X Extracts X X X X X X X X Extracts X X X X ..... in the complaint are that the opposite party No. 1, G.P. Forests Development (India) Ltd. (opposite party No. 1) is the head office of Non-Banking Financial Company with branch office at Patiala, i.e., opposite party No. 2. The complainant had invested money under Monthly Investment Scheme commencing on 30-9-1997. He was issued a passbook and was allotted Account No. 1451. The complainant had p ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (for brevity SEBI) has issued guidelines for making repayments of the investors and sales of assets for repayment. The opposite party had already submitted its proposal and the approval of SEBI was still awaited. On facts it had been pleaded that the complainant joined the Monthly Investment Scheme on 30-9-1997 for two years and was required to deposit Rs. 600 per month. As per the record of the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... a. from the date of maturity i.e., 29-9-1998 till actual payment. The complainant was also allowed costs of Rs. 500. 5. We have heard the learned counsel for the parties. We do not find any fault with the reasoning of the District Forum while allowing the complaint. 6. The opposite party No. 1 had admitted in the reply that the complainant had deposited an amount of Rs. 6,600 in the Mont ..... X X X X Extracts X X X X X X X X Extracts X X X X
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