1999 (7) TMI 585

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....AKSHMI RAO, MEMBERS   ORDER Halbe, President - The complainants handed over shares worth Rs. 5,67,497 to opposite party No. 1, Mr. Paresh Shah. Opposite Party No. 1 is related to complainant No. 2, who is the wife of complainant No. 1. Mr. Paresh Shah is working as sub-broker with S.A. Deshpande & Co. The said shares were sold by Paresh Shah vide the confirmation memo dated 24-6-1996....

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....was paid to Shri Paresh, who in turn was liable to make the payment to the share-holder. 2. The opposite party No. 1, Mr. Paresh Shah has tendered the xerox copy of the delivery book of 25,000 Finalysis Ltd. shares but the handwriting expert Mr. Parmeshwar Dayal M.A. has given a clear opinion that when he compared the signature on the delivery of Mr. C.M. Parekh, the signature of the complainan....

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....o. 2 for and on behalf of O.P. No. 1. 4. The confirmation statement is recorded on the letter head of Paresh Shah & Co. and we feel that O.P. No. 1 is responsible to make the payment of Rs. 5,67,497 which we round up to Rs. 5,67,000. The said amount shall carry interest at 15 per cent from 1-7-1996. The Opposite Party No. 1 further pay Rs. 10,000 by way of cost to the complainants. We do not....