Won Rs 15 lakh chit prize, payout delayed; how he won relief against company's claim
Kapil Chits attributed the delay to Eashwar’s late submission of the required sureties, saying the documents had to be verified before the prize money could be released. The Telangana State Consumer Commission, however, found that the company’s own records showed the sureties had been submitted on March 28, 2019.
A Telangana consumer commission has upheld a ruling against Kapil Chits after finding the company responsible for delaying the payout of a Rs 15 lakh chit prize for over 55 days. The dispute involved S. Eashwar, a mobile shop owner from Mahabubnagar, who had won the chit prize after submitting four sureties. Kapil Chits initially claimed the delay was due to late submission of the sureties, but the commission found records showing the sureties were submitted on March 28, 2019.
The commission concluded that the payment was delayed by more than 55 days, and Eashwar was awarded Rs 25,000 in compensation for the delay, along with Rs 2,000 for legal costs.
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