A.VENKATARAMI REDDY, J.ANANDA LAKSHMI, C.V.SUBBA REDDY
K. P. LEELA, ADVOCATE – Appellant
Versus
ANEJA FINANCIAL CONSULTANCY SERVICES – Respondent
Mr. Justice A. Venkatarami Reddy, President—The case of the complainant as seen from the complaint is as follows : The complainant obtained the Portfolio management services for investment in shares from the opposite party i.e. Aneja Financial Consultancy Services. The opposite party promised to sell and purchase shares on her behalf by investing the amount received from the complainant and also promised to advance loan in equal amount paid. The complainant paid Rs. 10,000/- towards investment. The opposite party promised that he will make windfall profits and investor can become a millionaire within 3 to 6 months and promised to advance a loan of Rs. 25,000/-. The opposite party neither invested the amount paid by the complainant nor advanced any loan and the complainant sustained loss of Rs. 10,00,000/- (ten lakhs) due to negligence of the opposite party. Complainant, therefore, claimed a sum of Rs. 9,00,000/- with interest from the date of award till realisation, and costs.
2. The version of the opposite party as could be seen from the counter is that the complainant paid a sum of Rs. 10,000/- on 7.12.90 and the same was credited to her account but it is unimaginable how she
Login now and unlock free premium legal research
Login to SupremeToday AI and access free legal analysis, AI highlights, and smart tools.
Login
now!
India’s Legal research and Law Firm App, Download now!
Copyright © 2023 Vikas Info Solution Pvt Ltd. All Rights Reserved.