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2011 Supreme(AP) 387

K.G.SHANKAR, GHULAM MOHAMMED
HSBC Asset Management (India) Private Ltd. – Appellant
Versus
Mani Rao – Respondent


Advocates appeared:
M/s. S. Ravi, Senior Counsel and P.Rajender Reddy, S.Niranjan Reddy, V. Padmanabhan and J. Sivanesan, Counsel for the Petitioners.
M/s. K.V. Siva Prasad, Posani Venkateswarlu, D. Rajasekhar, K. Siva Prasad, M. Narender Reddy, Prabhakar Sripada, C.V.Bhaskar Reddy and K.S.Gopala Krishan, Counsel for the Respondents.

ORDER

Ghulam Mohammed, J.

The point involved in all these three writ petitions is one and the same, therefore they are being disposed of by this common order.

2. For the purpose of convenience, the facts in Writ Petition No.18276 of 2010 have been adverted to for the purpose of disposal of these writ petitions. Writ Petition No.18276 of 2010 has been filed challenging the order dated 2-6-2010 in CCIA No.190 of 2010 in CC No.76 of 2009 on the file of the A.P. State Consumer Disputes Redressal Commission at Hyderabad(for short "the State Commission") and consequently sought a direction to dismiss the complaint for want of inherent jurisdiction and to refer the disputes for arbitration.

3. The respondents 1 and 2 are the individual customers of the respondent No.4. The respondent No.3 is a bank. The respondents 1 and 2 have filed a Consumer Complaint before the State Commission against the petitioner and the respondents 3, 4 and 6 herein alleging deficiency in service and sought the following prayer.

(a) Direct to pay a sum of Rs.65 lakhs together with interest @ 24% per annum from respective date of transfer of amounts from individual savings accounts to PMS account

(b) Direct the OPs to p
















































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