1994 (5) TMI 196

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....WANT SINGH, MEMBERS   Suman Jain for the Appellant. R.K. Ranga for the Respondent. ORDER Mr. Justice S'.S. Sandhawalia, President - The partly successful com- plainant appeals against the order of the District Forum, Hissar seeking a substantial enhancement of the relief granted. 2. In view of the commendable and fair stand taken on behalf of the Unit Trust of India by their au....

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....October 1993. It would appear that after a passage of nearly two years, the price of the units had escalated and consequently only 550 units were allotted to the appellant. Aggrieved by the respondent's negligence, the complaint was preferred seeking the award of interest as also substantial compensation, therefor. 4. Though, notice was issued to the respondents, they did not choose to put in a....

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....s offer ex- tended out by the Unit Trust in July 1992, when units at a concessional rate of Rs. 11 and odd were offered against the existing or actual market rate of Rs. 14. Similarly in the following year in July 1993 a similar rights offer of Rs. 12.80 per unit as against the listed or market price of Rs. 16 could not be availed. Further the admitted dividend at the rate of 25 to 26 per cent was....

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....e, we direct that the respondent - Unit Trust of India shall complete the allotment of 700 units to the appellant and further pay Rs. 8,570 in all being the admitted amount of dividend of Rs. 570 plus the compensation amount of Rs. 5,000 only. The appellant is also entitled to his costs, which are assessed at a sum of Rs. 500 only. 8. This appeal is consequently allowed and the relief granted i....