1. The complainant has come up with the present complaint under S.17 of the Consumer Protection Act, 1986 , as against Opposite Party Nos. 1 and 2 / Indian Overseas Bank, Chennai, seeking this Commission to direct the Opposite Parties to,
(i) pay a sum of Rs.48.77 lakh to the complainant as compensation for the loss incurred by him due to the deficiency of service and negligence committed by the opposite parties;
(ii) pay a sum of Rs.25 lakh as compensation for the damage caused to the reputation and causing mental anguish and agony suffered by the complainant due to the deficient service of the opposite parties;
(iii) pay a sum of Rs.25 lakh as compensation to the complainant for the consequential damage caused due to the deficient service of the opposite parties by driving away the complainant from his business activity run for his livelihood and sealing his future; and
(iv) pay a sum of Rs.25,000 as costs of the complaint.

2. The case of the complainant, as reflected from the Complaint, in brief, is as follows:
Being a customer of the Opposite Parties / Bank since 1974, for the past 10 years, the complainant has been operating a Savings Bank (SB) Account at the Nungambakkam Branch /