GOLDEN CONSULTANCY SERVICE Vs. DHANIRAM HARDAHA

JUDGEMENT

(1.) THIS appeal, under Section 15 of the Consumer Protection Act, 1986 , is directed against the order dated 23.7.1999 in Complaint No. 739/96 by District Consumer Disputes Redressal Forum, Raipur (hereinafter called the District Forum for convenience) directing that the appellant shall pay to the complainant total amount of Rs. 26,672/ - with interest @ 18% p.a. besides cost of the complaint.

(2.) IT is not in dispute that opposite party/appellant deals in shares and makes purchase and sale of shares on behalf of various customers. The complainant also used to avail of the services of appellant. It is also not in dispute that the complainant/respondent paid to the appellant the amounts as detailed below for the purchase of shares:

(3.) THE complainant averred in the complaint that though the amount as above for purchase of shares was given by him to the appellant, yet out of 200 shares of NEPC, only 100 shares were delivered to him by the appellant, while 50 shares of LML and 50 shares of L&T were not delivered to him by the appellant. Though the appellant handed over the complainant/respondent 50 shares of DCM Toyota, yet the said shares could not be transferred in favour of the complainant/respondent. Hence service rendered by the appellant as above was alleged to be deficient and the complainant claimed that direction be given to the appellant that the shares be delivered to him or the appellant be directed to refund the above amount.