LOKESHWAR PRASAD, DESH BANDHU AGGARWAL, RUMNITA MITTAL
B. B. SHARMA – Appellant
Versus
J. K. ARORA – Respondent
Mr. Justice Lokeshwar Prasad, President—Since the above mentioned petitions, filed by the petitioners under Section 17(b) of the Consumer Protection Act, 1986 (hereinafter referred to ‘the Act’) have common facts and raise common questions for consideration, the same with the consent of the parties have been heard together and are being disposed of by this common order.
2. The facts, relevant for the disposal of the above mentioned petitions, lie in a narrow compass. Petitioner No. 2 is a Company, duly incorporated and registered under the Companies Act, 1956, having its registered office at 1207, Hemkunt, Rajendra Place, New Delhi. Petitioner No. 1 is the Managing Director of petitioner No. 2. The respondents had made deposits with the petitioners. The deposits, so made by the respondents, with the petitioners, were to carry interest at the agreed rate and after the date of maturity the same were payable by the petitioners to the respondents together with interest. Since the petitioners failed to pay the amount of deposit together with agreed rate of interest to the respondents, the respondents filed separate complaints against the petitioners before the concerned District For
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