UNIT TRUST OF INDIA Vs. P.MURALI KRISHNA
ANDHRA PRADESH STATE CONSUMER DISPUTES REDRESSAL COMMISSION
UNIT TRUST OF INDIA
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P.RAMAKRISHNAM RAJU,PRESIDENT -
(1.) THE first opposite
party in CD 312/1995 on the file of the District Forum, Warangal is the
(2.) THE case of the complainant is that he purchased 200 units of UGS -5000 certificates bearing No. UG92/2/1/12094045 on 7.1.1994. He sent
the units to the second opposite party, who are the Registrars and
Transfer Agents of the appellants, on 25.1.1994. In spite of several
letters dated 4.3.1994, 4.6.1994 and 18.7.1994, there was no response
from the second opposite party. Hence he filed CD 342/94. After receiving
notice from the District Forum, the second opposite party sent a letter,
copy of which, was given to the complainant and the District Forum closed
the complaint advising the complainant to write a letter to the second
opposite party. The complainant, accordingly, sent a letter dated
17.5.1995 to the second opposite party giving all details, but, there was no response. Hence, he is constrained to file the complaint seeking for a
direction to send duly endorsed 200 Unit Certificates referred to above
together with compensation of Rs. one lakh and costs of Rs. 2,000/ -.
(3.) IN the written version filed by the opposite parties, it is stated that the complainant had sent the following units Certificates
bearing Nos. 91213012972 -3/4, 4/4 for 100 units and 912110053829 -1/4, 2/4
for 100 Units. The second opposite party has duly transferred the units
in the name of the complainant and the certificates were despatched to
the complainant by registered post on 14.9.1994. The second opposite
party has verified the records and confirmed that the Units are standing
in the name of the complainant and they are willing to issue duplicate
certificates in the complainants executing a letter of undertaking.
The District Forum, on consideration of the material on record, came to the conclusion that there is deficiency in service on the part of
the opposite parties and accordingly directed them to send 200 Units of
UGS -5000 duly endorsed together with compensation of Rs. 20,000/ - and
costs of Rs. 2,000/ -. Hence, the appeal.;
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