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consumer forum can direct chit funds registrar to pay chit subscriber
23-Apr-2024 (In Consumer Court Law)
Iam subscriber of registered chit fund.participated chit auction on feb 2023.chit fund management not paid my prized amount.I was complained to chit fund registrar to hold fixed deposit amount furnished as security before starting chit group,and also requested to pay me out of security deposit holding by chit fund registrar.chit fund registrar replied me that he can pay chit amount to me if consumer forum direct him to do so.I want to know Consumer forum had powers to direct chits registrar.
hi yes you could approach the consumer forum seeking necessary directions from the forum citing the deficiency of service done by chit fund company and seeking compensation and other reliefs from the forum
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Adv. Baddam Aravind Reddy
Secunderabad | 500+ Answers
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