https://www.taxtmi.com/caselaws?id=106111 A banking customer who used the bank as an intermediary to transmit payment for proposed share purchase was treated as a consumer in relation to that banking service. Because the cheque amount was encashed but not transmitted so as to result in share allotment, refund from the bank was held payable with interest from the date of encashment until payment. Relief against the company on share allotment was not granted. en-us Fri, 18 Aug 2000 00:00:00 +0530 Mon, 18 Feb 2013 16:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106111 A banking customer who used the bank as an intermediary to transmit payment for proposed share purchase was treated as a consumer in relation to that banking service. Because the cheque amount was encashed but not transmitted so as to result in share allotment, refund from the bank was held payable with interest from the date of encashment until payment. Relief against the company on share allotment was not granted. Case-Laws Companies Law Fri, 18 Aug 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106111