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TMI Blog2000 (8) TMI 1038X X X X Extracts X X X X X X X X Extracts X X X X ..... d by their counsel. By the impugned judgment dated 18-2-1998, the Forum dismissed the complaint on the ground that the complainant cannot be regarded as a consumer. 2. What happened in this case is that the complainant with the intention of purchasing shares of Global Trust Bank Ltd. drew a cheque for the sum of Rs. 5,000 in favour of Vaisya Bank, N.S. Road Branch for payment to the Global Tru ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... mount deposited by him with the Vaisya Bank as price for the shares. He has claimed that Rs. 5,000 was paid to Vaisya Bank for onward transmission to Global Trust Bank as price of the shares. The Banker of the complainant was Allahabad Bank. The petitioner had issued cheque upon this Bank drawn in favour of Vaisya Bank. It is gathered that Vaisya Bank acted as the Manager to issue of shares by Glo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... that the complainant is within his right to get back the amount and the Vaisya Bank is required to pay Rs. 5,000 to the complainant together with interest at the rate 12 per cent from the date on which the cheque was encashed by it to the date of payment. In this view of the matter, we think that the appeal should succeed in part. There should be a direction upon Vaisya Bank to make payment of Rs. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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