JUDGMENT :

Bela M. Trivedi, J.

1. The appellants – the Chairman and the Manager of the City Union Bank Limited have preferred the present appeal against the Judgment and Order dated 01.02.2007 passed by the National Consumer Disputes Redressal Commission, Circuit Bench at Chennai (hereinafter referred to as the ‘National Commission’) in First Appeal No. 29 of 2005 arising out of the Judgment and Order dated 23.12.2004 passed by the State Consumer Disputes Redressal Commission, Chennai in O.P. No. 103/99.

2. The short facts giving rise to the present appeal are that the respondent -original complainant Mr. R. Chandramohan had filed the complaint being O.P. No. 103/99 against the appellants – original opponents before the State Commission seeking direction against the appellants to re-credit rupees eight lakhs covering two demand drafts - one bearing No. 166570 dated 28.06.1996 for rupees five lakhs and the other bearing No. 177923 dated 18.11.1996 for rupees three lakhs in his Current Account No. 3600. It was alleged in the complaint inter alia that the respondent-complainant was the Managing Director of “D-Cube Constructions (P) Ltd.” having its registered office at Chennai. Shri R. T