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V.B.GUPTA, REKHA GUPTA
VIMAL RAOSAHEB CHOUGULE, RAOSAHEB SIDHAPA CHOUGULE (DR. ) – Appellant
Versus
STOCK HOLDING CORPORATION OF INDIA LTD. – Respondent


Advocates Appeared:
Mr. Pravin Satale, Advocate, for the Appellant; None, for the Respondent

ORDER

V.B. Gupta, Presiding Member - Since identical facts and common question of law is involved, above noted revision petitions are being disposed of by this common order.

2. Brief facts are that Petitioners/Complainants Smt. Vimal Raosaheb Chougule and her husband Dr. Raosaheb Sidhapa Chougule had opened Demat Account with respondent No. 1/O.P No. 1 - Stock Holding Corporation of India Ltd. Respondent Nos. 2 and 3/O.Ps Nos. 2 and 3 were looking after the transactions pertaining to the shares of petitioners. Respondent No. 1 has prepared its own regulations for regulating the share transfer and other transactions of the shares. It is alleged that respondent No. 1 has given the Delivery Instructions Slips for transfer of the shares in prescribed format to the petitioners. It is also alleged that petitioners were carrying out all transactions through broker. It is further alleged that officers of respondent No. 1 on 16.6.2005 called the petitioner over telephone and enquired as to whether shares mentioned in the application form has been sold by her. Thereon, petitioner told them that she has not sold the said shares. Thereafter, petitioner went to the office of respondent No. 1 and

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