The Gadag District Consumer Disputes Redressal Commission has directed Kittur Rani Chennamma Urban Credit Souhardha Sahakari Ltd., Karnataka, to repay Rs 17.63 lakh to two depositors whose money remained unpaid despite repeated demands.
According to a media report published by The Times of India, one woman had invested Rs 9.5 lakh in fixed deposits with the credit society, expecting annual returns of up to 12%. However, when she sought repayment, the society allegedly failed to return her money.
The second complainant, a 73-year-old senior citizen, was also awaiting repayment, including Rs 5 lakh in a fixed deposit that had matured in November 2025.
Together, the two customers had Rs 17.63 lakh stuck across fixed deposits, savings accounts and a recurring deposit.
After their repayment requests failed to yield results, the depositors approached the consumer commission seeking relief.
In its order, the commission directed the society to refund the entire principal amount along with applicable interest. It also awarded Rs 20,000 as compensation and Rs 5,000 towards litigation costs.
