ORDER

Heard Mr. Pallav Sisodia, Sr. Advocate, assisted by Mr. Abhishek Puri, Advocate, for the complainant and Mr. B.B. Sawhney, Sr. Advocate, assisted by Mr. Vipin Jai, Advocate, for the opposite party.

2. Jawaharlal Nehru Port Trust has filed above complaint for directing the opposite party to (i) refund Rs.11868418/- with interest @9.67% per annum, compounded quarterly from the date of deposit till the date of refund; (ii) refund Rs.700000000/-, with interest @9.75% per annum, compounded quarterly from the date of deposit till the date of refund; (iii) pay costs of litigation; and (iv) any other relief which is deemed fit and proper in the facts and circumstances of the case.

3. The complainant stated that Jawaharlal Nehru Port Trust was a statutory authority, constituted under the Major Port Trusts Act, 1963 and was managing the administration and affairs of Jawaharlal Nehru Port, Navi Mumbai, Maharashtra. Oriental Bank of Commerce (the opposite party) was a Government of India undertaking and was rendering banking services. The Branch Manager, Oriental Bank of Commerce, branch Malwani Malad, Mumbai (hereinafter referred to as the OBC) approached B.V. Rao, Manager (Finance) of the