Nagaraj Narayan Katti VS ITC Ltd.

Judicial Analysis Court Copy Headnote Facts Arguments Court observation

J.M.MALIK, S.M.KANTIKAR
Nagaraj Narayan Katti – Appellant
Versus
ITC Ltd. – Respondent

Advocate Appeared:
For the Complainants :Mrs. Sumedha Rao, Advocate.
For the Opposite Party :Mr. Ajay Agarwal, Mr. Siddharth Banthia and Ms. Carushi Sethi, Advocates, Mr. Shashank Moona, Advocate.

ORDER :

J.M. Malik, Presiding Member

The instant complaint swirls around the question of shares. The key question which falls for consideration is ‘whether the Shareholders or their Legal Representatives are ‘consumers’ under the Consumer Protection Act, 1986?’.

2. The present complaint has been filed by Shri Nagaraj Narayan Katti, complainant No. 1 and his wife, Mrs. Sushma Nagraj Katti, complainant No. 2.

3. ITC Ltd. Investor Service Cell, opposite party No. 1 issued various shares in the name of Shri Narayan Rango Katti and Mrs. Indira Narayan Katti, father and mother of complainant No. 1. The shares issued are as under:

(a)	150 shares under Certificate Nos. 12932 and 12933 dated 25.1.1955.
(b)	275 shares under Certificate No. 16096, 30252 and 30253 dated 20.3.1970.
(c)	70 shares under Certificate Nos. 59597, 60300 dated 14.11.1974.
(d)	99 shares under Certificate No. 122237 dated 10.2.1977.
(e)	118 shares under Certificate Nos. 201073 and 201074 dated 14.6.1978
(f)	142 shares under Certificate Nos. 278679 and 278680 dated 29.8.19

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J.M.MALIK, S.M.KANTIKARNagaraj Narayan Katti – AppellantVersusITC Ltd. – Respondent

Cases Referred (3)

J.M.MALIK, S.M.KANTIKAR
Nagaraj Narayan Katti – Appellant
Versus
ITC Ltd. – Respondent