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Judgment Search Results Home > Cases Phrase: debentures companies act Court: delhi state consumer disputes redressal commission scdrc new delhi Year: 1996 Page 1 of about 2 results (0.030 seconds)

Mar 06 1996 (TRI)

Chairman Sterlite Industries (India) Ltd. Vs. Deepak Gupta

Court : Delhi State Consumer Disputes Redressal Commission SCDRC New Delhi

Decided on : Mar-06-1996

..... not transferred the tcds in favour of the complainant and his mother so far let alone doing so within the statutory limit laid-down in the companies act. this clearly amounts to deficiency in service and, accordingly, we find no merit in the appeal which is dismissed with further costs of rs. 500/-. a copy of this order ..... have heard mr. k.p. gupta, authorised agent for the respondent and have carefully gone through the records. in the reply filed by the transfer agents of the appellant company, the fact of lodgement of the debenture for transfer alongwith necessary transfer deeds etc. had not been disputed. with regard to the payment of the call money, the complainant furnished to the ..... observed that it could not be said with a fair amount of certainty that complainant would have sold the scrips when the market price rose from 665 to 690 per debenture. in the absence of concrete evidence, a rough and ready method was adopted and the complainant was awarded interest @ 15% p.a. on the sum of rs. 36,000/- invested ..... facts giving rise to this appeal are that mr. deepak gupta, complainant, purchased 100 fully convertible debentures of sterlite industries (india) ltd., arrayed as opposite party @ rs. 360 / - from the secondary market and lodged the debentures alongwith duly executed transfer deeds etc. with the aforesaid company in two lots of 50 fcds each on 30.1.1994 and 10.4.1994 for transfer .....

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Dec 12 1996 (TRI)

M.N. Gandhi Vs. M/S. East India Hotels Ltd.

Court : Delhi State Consumer Disputes Redressal Commission SCDRC New Delhi

Decided on : Dec-12-1996

..... 100/- each. these were due for redemption on 18.3.93. the case of the complainant before the district forum was that original debentures certificates were furnished to the company on 24.6.93 under registered post for payment on the due date as also for transfer of shares as requested in the letter ..... 18.8.93, and that redemption proceeds had to be paid only on surrender of the original debenture certificates at the registered office of the company. the date taken for issue of refund warrants for the purposes of debenture holders was 20.7.1993. 3. on a consideration of the material placed before it, ..... 24.6.93 bearing registration number 4331 dated 24.6.93. from the above evidence, it stands established that the complainant had sent the original debenture certificates well before the recorded date and the same were delivered in the office of the respondent. the fact that necessary action thereon was not taken ..... two grievances, (i) that they were entitled for interest from 18.8.93 to 22nd sept.,1993, (ii) the op having failed to transfer the debentures as requested in the letter dated 24.6.93, resulting in the loss of tax planning and exposed the complainants to the risk of being prosecuted under ..... the income tax act. 2. the plea on behalf of the op was that neither the communication dated 24.6.93 nor the original debenture certificates had been received by the op. however, on receipt of reminder dated 1.8 .....

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