2001 (6) TMI 780

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....years in favour of R.F.C. Faizabad from the Post Office, Payagpur on 15-2-1977. On their maturity, the National Saving Certificates were presented for encashment but the post office concerned refused to do so on the ground that the National Saving Certificates cannot be issued in the name of the firm under the Rule 4 of the NSCs Vth Issue Rules, 1973. 3. Complainant stated in his complaint before the District Forum, Bahraich that it was the negligence of the postal officers or officials who issued the NSCs in the name of complainant Haji Dal & Oil Mill which was a firm. Complainant was to receive a sum of Rs. 1,980 as the maturity amount of the NSCs, but since 14 years have elapsed, hence, the complainant demanded a sum of Rs. 2,960. The c....

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....s for 7-12-1995, 13-3-1999 and 21-11-2000 but they did not respond. These notices have not come back unserved and hence service is presumed. 9. We have perused the file and evidence on record. The main contention of the appellant is that according to rule 4 of the NSCs Vth Issue Rules, 1973; (a) Single Holder Type Certificates may be issued to an adult for self or on behalf of a minor or to a minor; (b) Joint 'A' Type Certificates may be issued jointly to two adults payable to both holders jointly or to the survivor; and (c) Joint 'B' Type Certificates may be issued jointly to two adults payable to either of holder or the survivor. If any certificates have been purchased in contravention of Rules they are void and no amount of interest due....