V.K.JAIN, B.C.GUPTA
Adelkar Pratibha B. – Appellant
Versus
Shivaji Estate Livestock& Farms Pvt. Ltd. – Respondent
V.K. Jain, Presiding Member—The opposite party Shivaji Estate Livestock & Farms Pvt. Ltd., invited the potential investors to invest in its Goat Farming and allied activities by purchasing units of several schemes floated by it. In the Brochure issued by it, the said opposite party represented to the prospective investors, inter-alia that they had arranged about 500 goats in each goat shed with 25-50 such sheds in each rearing centre; 100% of the live stocks would be insured and there would be 100% guarantee of the invested amount. It was also represented to them that the investors would have hypothetical charge on 1000 sq. ft. of land of the company and one time investment would offer consistent benefit for fifteen years, live stocks would be looked after by the experienced Vets and Professionals. The opposite party offered attractive returns on the capital invested in the units sold by it. It is alleged that the opposite party represented to the complainants that there would be minimum expected return on the investment made by them and if the targets are achieved, they would also get additional bonus. The schemes also provided for pre-mature withdrawals by giving 45 days’ no
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