Registration no. Macs/cr/379/2010 State Uttarakhand
Kaimuna credit cooperative not paying members deposit for long time. Please guide us how to recover money
I C Naik
Relationship between a Depositor and Credit Society is held to be that of Service receiver and service provider respectively. Where liability of a matured deposit is not honoured it is reckoned as a deficiency in service by the Service Provider it terms of Provisions of the Consumer Protection Act, 1986
Every district/State has District State Consumer Court s which accept Complaints of Consumers against service providers in respect of a deficiency in service. Complaints worth Rs 20 lacs or less are with in the jurisdiction of a District Court. Consumer can himself argue Housing Society case as it is based on facts and not legal issues.