DAMODAR THANVI, S.K.M.LODHA
MODERN MECHANICAL & ELECTRONICS – Appellant
Versus
CHAIRMAN-CUM-M. D. RAJ FINANCAL CORP – Respondent
Mr. Justice S.K.M. Lodha, President — By this appeal under Section 15 of the Consumer Protection Act, 1986 (“the Act” herein) the complainant appellant questions the correctness and legality of the order dated 15.6.1990 passed by the District Forum, Jaipur in Complaint Case No. 721/89. The District Forum dismissed the complaint without going into its merit. It upheld the preliminary objections. Suffice it to state that the complainant submitted a complaint under Section 12 of the Act against Rajasthan Financial Corporation, Jaipur (opposite party No. 1) and State Bank of India, Malviya Nagar Branch, Jaipur (opposite party No. 2) on 19.10.1989. The complainant Modern Mechanical and Electronic Engineering Group is a small scale industry which prepares electric motors, General fabrication (steel furniture, cooler etc.). It has been alleged in para 18 of the complaint that there is an investment of Rs. 6,50,000/- on the unit Out of that Rs. 2,00,000/- are of opposite party No. 1 and Rs. 2,00,000/- are of opposite party No. 2. The complainant had mortgaged the building, plant and machinery with opposite party No. 1, The valuation of which is in excess of the loan amount. Accordi
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