ORDER

Dhanraj Khamatkar, Member - This appeal takes an exception to the order dated 18.11.2005 passed by District Consumer Forum, Central Mumbai in Consumer Complaint No. 422/2003.

2. The facts leading to this appeal can be summarised as under:

Appellants/org. complainants had opened Overdraft Account known as Current Account FAST being Account No. 014/17/86865. The org. complainants were granted overdraft facility upto limit of 1.50,000 against the shares of UTI Master Shares, Hindalco Industries Ltd. and Indian Aluminium Company Ltd. shares. The org. complainants/appellants herein also executed Power of Attorney in favour of O.P. No. 1. As the org. complainants did not wish to renew the said limit under fast, they informed O.P. No. 1/respondent No. 1 on 1.7.1994 accordingly. Appellants further informed the org. O.P. No. 1/respondent No. 1 to close their account and transfer the balance amount to the saving account in the name of complainant's wife. Accordingly, new account was opened in the name of wife of the appellant and O.P. No. l transferred the balance amount of Rs. 12,706.42 standing in the name of complainant on 9.8.1994 and appellant withdrew the said amount and closed the