Consumer matter


A contractor has been released his FDR pledged as securirty after 15 years. The authority who took security did not renew the FD on due renewal, Contractor is in loss of Interst for 15 years. Can he claim interst within Consumer law?
 
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No, A case of recovery is made out

Adv. Nitish Banka

Practicing Advocate Supreme Court of India

9891549997

 
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Can relief be claimed in consumer law or civil law?

 
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Advocate

It is the responsibility of the FDR holder (in this case the contractor) to get the FDR renewed from time to time.  It is not the responsibility of anybody else.  Therefore the question of seeking any compensation etc. does not arise.

 
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FIN

The contract involving FDR and written T&C is available?

If, yes pls attach.

You may erase the names, address, emaild id, phone numbers, etc etc to maintain the confidentiality.

 
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FIN

It is felt that Renewal is by the a/c holder of FDR.
 

 
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