Court : Gujarat State Consumer Disputes Redressal Commission SCDRC Ahmedabad
Decided on : Jan-09-1991
S.A. Shah, President: 1. The complainant is a fixed deposit holder issued by the first opponent Reliance Industries Ltd., Opposite Party No. 2 is the financial consultant through whom the complainant had got his amount deposited by way of fix deposit. 2. The complainant has alleged that Reliance Industries Ltd., had issued Right Shares @ Rs. 60/- each. It is further alleged that the opposite party had promised to give such 50 shares at the premium of Rs. 50/- to deposit holders also. 3. The complainant has relied upon a registered letter dated October 14,1989, written to him by the Opposite Party No. 2 in reply to the notice served by the complainant and the complainant relied upon following observations appearing in the said letter : The preferential allotment of shares was issued by the company and the forms for such preferential allotment were also issued by the company through our offices and we were only helping them in collecting applications forms received from the deposit hold...
Tag this Judgment!