I had invested Rs. 474293/- in the above said scheme of SAHARA CREDIT COOPERATIVE SOCIETY at Bilaspur C. G. The maturity period was 18 months which is completed on 27 August, 2019. But the branch manager is not ready to pay the maturity amount. Registration number of the society is MSCS/CS/333/2010. Please suggest me the ways so that I can get the payment.
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 Courts which accept Complaints of Consumers against service providers in respect of a deficiency in service. Complaints worth Rs 20 lacs or less are within the jurisdiction of a District Court. Consumer can himself argue Housing Society case as it is based on facts and not legal issues.