J.M. Malik, Presiding Member —This is one of the oldest cases filed in this Commission, on 25.09.2001, wherein the complainant has claimed a sum of Rs.1,10,00,000/- and interest thereon due to deficiency in banking services by HDFC Bank, Opposite Party (OP), which was earlier the Lord Krishna Bank, which again merged into Centurion Bank of Punjab Ltd., and thereafter the Centurion Bank got amalgamated into the present HDFC Bank, the OP.

2. The complainant is a Proprietory firm which transacts the business of trading in cotton, having its office at Beawar. The Proprietor of the firm, is Mr. Nemichand Kankaria, HUF, whose Karta is Gyan Chand Kankaria. At the relevant time, the complainant was dealing with a single concern, i.e., M/s. Assam Yarn Suppliers and its sister concern of Mumbai to whom the complainant used to supply cotton bales and used to receive payment against the supply through cheques payable at Mumbai. Sh. Pramod Kumar Jain and Sh. Ratanlal Jain were owners of Assam Yarn Suppliers, Mumbai. At their instance, the complainant opened a current account with the then Lord Krishna Bank Ltd. The complainant made various deposits and withdrawals from the aforesaid current