Bhargava Refrigeration Industrial Pvt. Ltd. VS UTI

Judicial Analysis Court Copy Headnote Facts Arguments Court observation

PREM NARAIN
Bhargava Refrigeration Industrial Pvt. Ltd. – Appellant
Versus
UTI – Respondent

Advocates:
Counsel for the Parties:
For the Complainant :Mr. S.R. Sharma, Advocate
For the Opp.Party : For Opposite No. 1 :Mr. Pallav Shishodia, Sr. Advocate Mr. Ghanshyam Joshi, Advocate, Mr. Chirag Joshi, Advocate
For Opposite No. 2 :Mr. R.L. Goel, Advocate

ORDER

Prem Narain,Presiding Member—This O.P. No. 95/2003 has been filed by the complainant “Bhargava Refrigeration Industrial Pvt. Ltd.” against the opposite parties “Unit Trust of India” (in short “UTI”) and “Ministry of Finance”. O.P. No. 358/2002 has been filed by the complainant “Dr. P.N. Bhaskaran” against the opposite parties “UTI” and “Union of India”.

Facts Of O.P. NO. 95/2003

2. The complainant purchased US-64 unites from UTI as per the following details:

No. of Units	Rate per unit	Date of Purchase	Total Investment	Certificate No.
408163.265	14.70	5.11.97	60,00,000.00	110980010004562
68027.11	14.70	5.11.97	10,00,000.00	110980010004561
7407.407	13.50	29.7.99	1,00,000.00	110000010000791

3. It has been alleged in the petition that in the bulletin issued by Unit Trust of India, they were giving a very rosy picture of the units whereas the fact was that a Committee was already appointed to examine the affairs of the UTI which were in bad shape and the report of the Committee was also under consideration by the Joint Parliamentar

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PREM NARAINBhargava Refrigeration Industrial Pvt. Ltd. – AppellantVersusUTI – Respondent

PREM NARAIN
Bhargava Refrigeration Industrial Pvt. Ltd. – Appellant
Versus
UTI – Respondent