Though the appellant i.e. Kiran Chit Fund accepted membership of the companyplainant to the Chit Fund, it took the stand that the prize amount has been paid to M s Kiwanis Finance Pvt.
The companyplainant approached the District Forum for a direction to the opposite parties to pay Rs.14,000/ to him.
Factual scenario giving rise to the revision before the National Commission is as follows The companyplainant joined as a member in Chit Fund Co. of which opposite party No.
The present appellant was running a chit for Rs.1 lakh with monthly payment of Rs.5,000/ for 20 months in the year 1995.
By its order dated 19.6.2001 the State Commission allowed the appeal filed by the respondent No.1 hereinafter referred to as the Complainant .
Ltd. as per the authorization letter of the companyplainant an numberdue certificate was also given to the companyplainant.
He was paid Rs.60,000/ by cheque.
When the present appellant issued a numberice to him demanding an amount of Rs.79,300/ , the companyplainant replied that out of the chit amount of Rs.70,000/ , the present appellant paid only Rs.60,000/ and the balance of Rs.10,000/ was payable to him with interest and that since he paid Rs.54,700/ already, he is ready to pay the balance of Rs.45,300/ in instalments.
The District Forum II Hyderabad had dismissed the companyplaint filed by the companyplainant.
1 is the Managing Director and opposite party No.
Before National Commission challenge was to the order passed by the Andhra Pradesh State Consumer Disputes Redressal Commission, Hydrabad in short the State Commission .
The companyplainant defaulted after paying for 11 months from January, 1996.
He was a prize bidder subscriber.
2 is the manager.
Arijit Pasayat, J. Challenge in this appeal is to the order passed by the National Consumer Disputes Redressal Commission, New Delhi in short the National Commission .
There was exchange of affidavits.
