1993 (11) TMI 172

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....uglani and V.K. Mehta for the Complainants. ORDER Sandhawalia, President - The virtually successful complainants' appeal against the order of the District Forum, Hissar seeking an enhancement of the relief granted. 2. The facts are not in serious dispute and merit notice with utmost brevity. The Unit Trust of India had floated the Master-gain-1992 Scheme. The two appellants had applied for 300....

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....the appellants. 4. Before the District Forum it was conceded that the relevant unit certificates had been subsequently received by the appellants but never-theless the learned Counsel for the appellants pressed primarily on the ground that the differential amount betwixt the existing price on 30-4-1992 and subsequently should be given as compensation. 5. It would appear that the respondents did ....

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....e highest rate of Rs. 16 therefor, and also for the supposed mental harassment and desert. Reliance was sought to be placed on sections 73 and 113 of the Indian Companies Act, as also on L.C. Chandgotiya v. Northern Leasing & Industries Ltd. II [1991] CPJ 19 and Ram Narayan Parameshwaraiyer v. Larsen & Toubro Ltd. [1993] (1) CPJ 3 (NC). 7. We are afraid that there is no merit in the aforesaid sub....

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....nion, it appears a doubtful preposition whether the unit certificates under its scheme are shares stricto sensu and not merely scrips of a mutual fund. No precedent or principle could be cited before us to establish that sections 73 and 113 are directly applicable to the said scrip or even if, it was so, what was the precise violation thereof. 9. In the aforesaid view Mr. Guglani's reliance on L.....