2001 (1) TMI 872 - Commission - Companies Law

Summary

The case involved a dispute over the transfer of shares. The complainant purchased 400 equity shares, but only 300 were transferred to his name. The opposite party objected to the jurisdiction of the Forum and raised concerns about fraud. The Forum ruled in favor of the complainant, but the opposite party appealed, arguing that the Forum in Calcutta lacked jurisdiction. Citing a Supreme Court decision, the appeal was allowed, and the judgment of the Forum was set aside due to lack of jurisdiction. The complainant was advised to seek redress before the proper Forum.