HERALD REPORTER
VASCO, MAY 14
The Consumer Disputes Redressal Forum, Margao, has asked the president
and vice president of Nilgiri Plantation Project II to compensate its
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20 investors for alleged deficiency in service, as denied under
Consumer Protection Act 1986.
In his order, Forum President Jadish Prabhudesai has stated Nilgiri
project President Pedro Almeida and Vice President Bhujballi are
jointly liable to compensate 20 complainants to pay each of the
complainants Rs 64,620.
The order also asked them to the interest @ 12% per annum from the date
of the maturity of the scheme till the final payment, within 30 days
from the receipt of order.
According to the order, about 18 years ago, the complainants were asked
to invest Rs 10,000 per head in Nilgiri Plantation Project II and after
seven years the investment would yield Rs 64,620.
However, on completion of the stipulated period, president and vice
president of Nilgiri project failed to honour the agreement and dragged
the matter for another two years by giving foul assurances to the
investors.
Constant foul assurances and authenticity of the project forced the
investors to file complaints with Consumer Disputes Redressal Forum in
2003.
