V.B. Gupta, Presiding Member—Present revision petition has been filed under section 21(b) of the Consumer Protection Act, 1986 (short, ‘Act’) praying for setting asideORDER dated 22.4.2008, passed in (First Appeal No.155 of 2007) by Maharashtra State Consumer Disputes Redressal Commission, Mumbai (short, “State Commission”).

2. Respondent/complainant had filed a consumer complaint under section 12 of the Act on the allegations that he is having business of hardware and steel in the Kolhapur City. He is customer of Petitioner – Bank/Opposite Party. It is stated that respondent is having his loan share account with the Petitioner. Respondent had purchased shares of many well-known companies and has opened the share Mortgage Account with the Petitioner. Further, respondent had taken loan against the said shares from the Petitioner. As per written instructions of the Petitioner, some of the shares have been sold and have maintained the said account in a proper manner. It is also stated that respondent has given the oral as well as written permission to the petitioner for selling the shares from the said account. As per fluctuations of the price of the shares in the share market and