https://www.taxtmi.com/caselaws?id=102450 The District Forum found a delay in transferring equity shares, leading to deficiency in service, and awarded compensation of Rs. 2,000. The National Commission dismissed the appeal seeking additional compensation for loss of profits, as a mere delay in share transfer did not constitute deficiency in service under the Consumer Protection Act. The court upheld the District Forum's decision, stating that without a proven deficiency in service, claims for additional compensation could not be entertained. The complainant's claims for loss of profits and daily penalty were deemed invalid under the legal framework, and the appeal was ultimately dismissed. en-us Mon, 07 Mar 1994 00:00:00 +0530 Mon, 18 Feb 2013 16:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=102450 The District Forum found a delay in transferring equity shares, leading to deficiency in service, and awarded compensation of Rs. 2,000. The National Commission dismissed the appeal seeking additional compensation for loss of profits, as a mere delay in share transfer did not constitute deficiency in service under the Consumer Protection Act. The court upheld the District Forum's decision, stating that without a proven deficiency in service, claims for additional compensation could not be entertained. The complainant's claims for loss of profits and daily penalty were deemed invalid under the legal framework, and the appeal was ultimately dismissed. Case-Laws Companies Law Mon, 07 Mar 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=102450