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1994 (2) TMI 229 - A.P. STATE CONSUMER DISPUTES REDRESSAL COMMISSIONConsumer - Complainant paid a sum of Rs. 10,000 for investment in shares and became a member of shares trading facility of opposite party - Opposite party neither invested amount paid by complainant nor advanced any loan and complainant sustained loss of Rs. 10 lakhs due to negligence of opposite party - Complainant Tiled complaint before Commissioner of Police - Opposite party, with a view to get matters settled and to purchase peace, arrived at a final and full settlement and opposite party agreed to pay amount of Rs. 22,500 in respect of investment, profits and compensation - It was evidenced by settlement-cum-receipt on 8-9-1991 - She encashed amounts and wrote a letter to Inspector of Police on same date stating that there was amicable settlement and accounts were settled fully and finally and requested to close case and withdrew her complaint she again filed a police complaint afresh and started demanding payment of some more amount - It was also stated that, as the opposite party refused to pay any further sum, she filed a complaint in District Forum which was dismissed -Whether it could be said that complainant and opposite party together on 8-9-1991 arrived at a full and final settlement of claims relating to profits and compensation - Held, yes - Whether as opposite party had charged commission and undertook to render service to complainant, complainant was a consumer who had hired services of opposite party - Held, yes - Whether complaint was maintainable - Held, yes
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