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V.K.JAIN, B.C.GUPTA
RAJAN V. KAMAT – Appellant
Versus
PEDRO A. ALMEIDA – Respondent


Advocates Appeared:
Mr. B.S. Randhawa, Advocate, for the Appellant; Mr. S.N. Kerkar, Advocate, for the Respondent

ORDER

V.K. Jain, (P.M) - The case of the complainants in Revision Petition No.1549 of 2010 is that on 10-06-1993 the opposite parties, namely Pedro A. Almeida & Bhujaballi A.A., convened a meeting at Natraj Theatre inviting the complainants and several other persons for the purpose of launching a project namely Nilgiri Plantation Project III. The meeting was addressed by opposite party No.1 as the Chief Promoter of the project. This is also the case of the complainants that in the aforesaid meeting the opposite parties distributed pamphlets inviting them to invest a minimum sum of Rs. 12,000/- per person in the aforesaid project and promised that the investment made by them would yield five times more return after a time period of seven years. Under the scheme a sum of Rs. 6,000/- was to be invested on enrollment, followed by another investment of Rs. 6,000/- at Stage II. Believing the representation made to them by the opposite parties, the complainants invested their hard earned money with them, for the aforesaid project. According to the complainants the opposite parties had also represented to them that their investment was fully secured by the rights acquired by them in the lan

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