https://www.taxtmi.com/caselaws?id=103249 The Commission held that the complainant was entitled to interest on debentures under the Consumer Protection Act, as debentures constitute a service, and failure to pay interest amounts to a deficiency in service. However, the complainant was not entitled to a refund after debentures were converted into shares. Additionally, the failure to pay dividends on shares was not considered a deficiency in service. The Commission partly allowed the appeal, directing the appellant to pay interest on debentures and advising the complainant to seek legal remedy for non-payment of dividends on shares within three months. en-us Mon, 20 Mar 1995 00:00:00 +0530 Tue, 21 Feb 2012 17:44:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103249 The Commission held that the complainant was entitled to interest on debentures under the Consumer Protection Act, as debentures constitute a service, and failure to pay interest amounts to a deficiency in service. However, the complainant was not entitled to a refund after debentures were converted into shares. Additionally, the failure to pay dividends on shares was not considered a deficiency in service. The Commission partly allowed the appeal, directing the appellant to pay interest on debentures and advising the complainant to seek legal remedy for non-payment of dividends on shares within three months. Case-Laws Companies Law Mon, 20 Mar 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103249