Consumer Protection Act, 1986, Section 2(1),(d),17(b) -- Consumer - Share transfer - Request for change of name by complainant - Inaction by petitioner OP which is public sector undertaking - Ex parte order by the District Forum directing OP to send the shares certificates in the joint names of the complainant and his wife and also dividend amount and Rs. 5,000/- as..........
Share Transaction -- Deficiency in service - Complainant hiring the services of the opposite party, a share and stock broker to purchase and sell certain securities - Complainant claiming 8,780 shares of different Companies with a dues of Rs.1,48,012/- whereas the O.P. admitting the availability of 7630 shares of 7 different companies and that the complainant has to pay a..........
Shares -- Non-transfer of - No adverse order could be passed by the District Forum against the appellant-SEBI - Reasons discussed - Order of the District Forum qua the appellant set aside...........
Shares -- Prospective purchaser - Application of the appellant for allotment of shares with cheque not forwarded to respondent OP - Complaint making claim for allotment of shares as also compensation dismissed by the District Forum holding that complainant was a prospective purchaser of shares his claim against the OP company not maintainable upheld - No relief is..........
Civil Procedure Code, 1908, Order 21, Rule 76, 79(3), 80 -- Execution - Sale of shares - Restriction on transfer by Articles of Company - Held, Court sale of such shares does not have effect of removing restriction - Company is well within its right to refuse to register transfer of shares in favour of auction purchaser...........
Succession Act, 1925, Section 374, 377 -- Succession certificate - Shares of claimants not specified in the certificate - Objection not raised by claimants - Objections raised by opposite party - Not sustainable...........
Consumer -- Banking - Overdraft facilities to customer - Hiring service of the Bank for consideration by way of payment of interest for the overdraft facilities received by him by pledging the shares of different companies - Held, appellant is a consumer and it cannot be said that Bank is not providing any service to the appellant. (Consumer Protection Act, 1986, S.2(d)..........
Consumer -- Banking - Deficiency in service - Overdraft facilities by pledging shares of different companies - Customer requesting Bank to arrange part of shares and to clear O.D. - Bank agreeing but delay in releasing shares - Meantime share price coming down - Delay in locating where shares lay - While shares lay in branch of Bank which granted O.D. Bank communicating..........
Will -- Void for uncertainty being not expressive of a definite intention - Testator stated in Will that his properties to be inherited by his five sons in equal shares and that wife and his eldest son should take care of settling three daughters in life - Held, intention of testator was not to give any share to daughters - Such Will cannot be said to be void for..........
Transfer of Property Act, 1882, Section 44, Partition Act, 1893, Section 4 -- All the co-sharers except the predecessors of plaintiff transferred their shares of property to strangers - Plaintiff or his predecessors never objected - Held, suit property has lost the character of dwelling house belonging to undivided family by long and uninterrupted possession of a stranger..........
