1993 (10) TMI 234

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.... Budhiraja for the Complainant. Sudhir Mehra and Giridhir Gobind for the Respondent. ORDER Justice R.N. Mittal, President - This appeal has been filed by the complainant against the order of the District Forum No. 1 dated 2-11-1992 by which the complaint has been dismissed. 2. Briefly the facts of the case are that the complainant on 5-1-1987 purchased 50 shares of Indrol Lubricants & S....

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....s issued by respondent No. 1 and offer in that regard was also sent to respondent No. 3 and not to the complainant. In 1990 respondent No. 1 issued 50 duplicate share certificates to the complainant and asked him to collect 70 shares from respondent No. 3 to whom those had been sent. 5. The complainant requested respondent No. 3 to transfer those shares in his favour. However, she replied that ....

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....cted to issue bonus and right shares as mentioned above, to him. He has further claimed damages and costs of litigation. 7. The complaint was contested on behalf of respondent Nos. 1 and 2. Respondent No. 3 was proceeded against ex parte. The learned District Forum dismissed the complaint on preliminary objection that the com-plainant was not a consumer as defined in the Consumer Protection Act....

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....ainant hired the services of the company. 9. We have duly considered the arguments. The question is not free from difficulty. The capital of the company is subscribed by the shareholders and from that capital the company runs business and earns profit. It out of the profits so earned, pays a part of the amount to the shareholders as dividends and utilises the balance for running the business. A....