Section 4(1)(a) in U.P. Protection of Interest of Depositors in Financial Establishment Act, 2016
(a)Where upon complaints received from the depositors or otherwise the State Government is satisfied that any Financial Establishment has failed, -(i)to return the deposit after maturity or on demand by the depositors; or(ii)to pay interest or other assured benefit; or(iii)to provide the service promised against such deposit; or