Suresh Chandra, Member —This original consumer complaint has been filed by M/s Sushant Minerals Pvt. Ltd. through its Financial Coordinator Sri Susanta Kumar Mall, who has been duly authorized by the Board of Directors of the Co. by a resolution dated 26.11.2011. Alleging deficiency in service on the part of the respondent/opposite party Bank, the complainant has made the following prayers in its complaint:-

“(a) Pass appropriate order against the opposite party thereby directing it to pay a sum of Rs.3,42,06,305.00 (Rupees Three Crore Forty Two Lakhs Six Thousand and Three Hundred Five) only, to the complainant along with future interest @ 24% from the date of filing of the present complaint till the date of its payment.

(b) Pass an order thereby awarding costs of this complaint in favour of the complainant as against the opposite party

(c) Pass any other further relief that this Hon’ble Commission may deem fit and proper in the facts and circumstances of the case and/or in that behalf. ”

2. The complainant is a company incorporated under the provisions of the Companies Act, 1956 and is engaged in the business of export of iron ore fines. The OP is a private Bank having its br