matter is that OPs invited investment in Kisan Vikas Patra (KVP)
Margin Funding Scheme, introduced by them, wherein 10% amount
was to be invested ... applicant for the purchase of KVP and rest
of 90% amount was to be provided by the OP bank, as per KVP
Margin Funding Scheme
direction to appellants of this appeal to submit the claim of
KVP's with the respondents of this appeal alongwith original KVP ... also
submit other documents which are required for the payment of the
KVP's within fifteen days from the date of receipt of copy
maturity, that is from 8/9/2001 of Kisan Vikas Patra (KVP) till the date of realization and the OP is further directed ... however on the same day returned the certificates of Kisan Vikas Patra (KVP) to the complainant under the pretext that he did not want
under:
Complainant has purchased Kishan Vikash
Pratra (herein after referred to as KVP) is in
disputes, which are mentioned as under: -
No. Certi No. Deposit ... 21CD850737 19.07.03 10,000/- 18.02.12 20,000/-
Total Rs. 50,000/-
said KVP maturity dates were 18.02.2012 but the
same KVP were encashed
contended that on 21.1.2004 and 16.4.2005 he applied for amount in
KVP but the amount was not paid. It is contended that he made
communication ... Soygaon Post Office on 28.2.99 is in contravention of Rule 6 of KVP
Rules 1988. Thus the complainant is not entitled for payment of
interest
investment of Rs. 40,000/- in Kisan Vikas
Patras (for short "KVP") issued by the opposite party No. 1 - Post
2
Master, Head ... Roorkee, District Haridwar on 03.05.2000.
The maturity date and value of these KVP was 03.11.2006 and
Rs. 80,000/- respectively. However, the opposite party
natural guardian of minor Soumadip Manna he purchased two Kishan Vikash Patra (KVP) of Rs.10,000/- each on 01.06.2005 from the Tamluk Post Office ... Post Master of Tamluk Head P.O. to issue duplicate KVP Certificates. On 20.05.2013 as per direction of Post Master, the father of the natural
Sreosee Das was not mentioned in the space specified for in the KVP purchased Application Form.
After assessing the evidence adduced by the parties ... minor. It should be noted here that the Respondent has procured those KVP certificates from SAS Agent and the date of birth of Sreosee
KVPs by individuals. The co-operative bank agreed
to abide by the KVP Rules, 1988 while taking the said certificates. They
have categorically informed when ... effective from
1.4.1995.
10) Rule 13 of
the KVP Rules clarifies that
any certificates if purchased or acquired in contravention of above rules, interest shall
availed loan for commercial purpose by pledging the National Savings Certificate and KVP. It is also pleaded that OP No.1 has filed civil suit ... same time, she purchased the National Savings Certificate, and KVP. It is not in dispute that the complainant wanted to expand the business
