Judgment

Sethi, J.-Not satisfied with the majority view of the National Con­sumer Disputes Redressal Commission (hereinafter called “the National Commission”) but allured by the observation made by one of its members (Bala Krishna Eradi, J.), the appellant has moved this Court for modifying the majority order of the National Commission with direction to the respondent to pay the compensation for wrongfully withholding the amount and the interest at the commercial rates as then prevalent.

2. The facts of the case are that the appellant-company had a bank account with the respondent-bank wherein in the month of June, 1983 a cheque for Rs. One lakh was deposited by the appellant for collection and the proceeds thereof to be credited to its account. The appellant alleged that though the proceeds of the cheque were collected on June 17, 1983 yet they were not deposited in its account for over a period of seven years. The appellant filed a complaint before the State Consumer Disputes Redressal Commission (hereinafter called “the State Commission”) constituted under the Con­sumer Protection Act, 1986 (hereinafter called ‘The Act’) detailing therein its entitlement to the following amounts :