1998 (7) TMI 564

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....ASAMY AND DR. (TMT.) ANGEL ARULRAJ, MEMBERS   V. Balaji, R. Karunakaran and K.S.V. Prasad for the Respondent. ORDER Justice EJ. Bellie, President - The 1st opposite party-Unit Trust of India against which an award has been passed by the District Forum is the appellant. The complainant purchased 3,000 units from the 1st opposite party, the value of it being Rs. 30,000. It became ma....

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....lised by the 3rd opposite party from the 4th opposite party Bank and, therefore, according to the 1st opposite party no question of reinvestment arose. Therefore, the complainant wanted payment of the matured amount from the 1st opposite party. But payment was not made. Alleging deficien-cy in service on the part of the opposite party, the complaint was filed. 2. The 2nd opposite party is the S....

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....at the 1st opposite party had sent the matured amount by way of cheques under registered post and it appears some fraud had been committed by some persons during transit and, therefore, no question of deficiency in service would arise so far as the 1st opposite party is concerned. But we are unable to agree with this argument. When the units had matured the 1st opposite party is bound to pay the a....