SURITI RAWAT ETC. Vs. UNIT TRUST OF INDIA

JUDGEMENT

(1.) IN all these cases, as common question of law involved and decision contained in letter dated 28th August. 2000 is under challenge, they were heard together and are being disposed of by this common order.

(2.) TO decide the issue, it is necessary to discuss the relevant facts, as mentioned hereunder.

(3.) ACCORDING to the counsel for the petitioners, the decision aforesaid contained in letter dated 20th August. 2000 asking the investers to take back the terminal proceeds or to reinvest the same in any other scheme of U.T.I, is unreasonable, arbitrary and opposed to public policy.