J.D.KAPOOR, MAHESH CHANDRA
UCO BANK – Appellant
Versus
RAMESH KUMAR GUPTA – Respondent
Mr. Justice J.D. Kapoor, President—On account of deficiency in service in issuing a cheque book with wrong code number resulting in the return of the cheque to the respondent by the State Bank with whom the respondent had presented the cheque along with the application for allotment of shares, the appellant has been vide impugned order dated 20.2.1995 directed to pay Rs. 3,000 as a token compensation along with Rs. 500 as cost. Feeling aggrieved, the appellant had directed this appeal. At the same time respondent has preferred revision petition feeling dissatisfied with amount of compensation.
2. Relevant facts in brief are as under :
The respondent being holder of 1,000 shares in Indo-Rama Synthetics (I) Ltd. was offered 100 debentures partly convertible with a right to apply for additional debentures. In response to the offer, the respondent applied for 200 debetures out of which 100 debentures he was to get as a matter of right and the balance 100 debentures applied were under the head ‘additional debentures applied’. The respondent had drawn a cheque No. 772298 dated 10.5.1991 for Rs. 22,600 and deposited the same in time on 13.5.1991 with the State Bank of India, Parliament
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