https://www.taxtmi.com/caselaws?id=102652 The Consumer Commission ruled in favor of the complainants in a case involving alleged deficiencies in service by a share-broker firm. The firm failed to transfer shares as instructed, resulting in a loss of Rs. 7,28,500 for the complainants. Despite multiple attempts to serve notices, the opposite parties did not appear, leading to proceedings going ex parte against them. The Commission found the allegations substantiated based on evidence provided, directing the opposite parties to jointly and severally pay the compensation amount within 30 days, with 18% interest per annum for any delay in payment. en-us Wed, 30 Nov 1994 00:00:00 +0530 Mon, 18 Feb 2013 16:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=102652 The Consumer Commission ruled in favor of the complainants in a case involving alleged deficiencies in service by a share-broker firm. The firm failed to transfer shares as instructed, resulting in a loss of Rs. 7,28,500 for the complainants. Despite multiple attempts to serve notices, the opposite parties did not appear, leading to proceedings going ex parte against them. The Commission found the allegations substantiated based on evidence provided, directing the opposite parties to jointly and severally pay the compensation amount within 30 days, with 18% interest per annum for any delay in payment. Case-Laws Companies Law Wed, 30 Nov 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=102652