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1994 (2) TMI 230 - TAMIL NADU STATE CONSUMER DISPUTES REDRESSAL COMMISSIONConsumer - First opposite party, SCL, was a share broker and was a member of Madras Stock Exchange - In September 1990, complainant delivered to first opposite party, 100 shares of 'UBPL' and 100 shares of 'TVSEL' through a Chartered Accountant - There was no response from first opposite party and when contacted he told that share certificates were stolen from his office - Complainant came to know that first opposite party had transferred shares in name of other person -Thereafter first opposite party in order to cover up its misdeed agreed to replace shares but share certificates had not yet been issued - Similarly complainant paid Rs. 7,335 to first opposite party for purchase of 500 shares of SVL through a cheque but first opposite party failed to deliver share certificates - Complainant wrote to second opposite party, Madras Stock Exchange to intervene but it expressed its helplessness to convince first opposite party in this matter - Whether complainant could be regarded as a consumer as regards first opposite party, SCL and had availed of its services for sale of 100 shares each of TVSEL, UBPL, and for purchase of 500 shares of SVL for consideration - Held, yes - Whether complainant could claim to be a consumer qua second opposite party, Madras Stock Exchange, which had not rendered any service to complainant for consideration - Held, no - Whether first opposite party could be held guilty of gross deficiency of service and negligence - Held, yes
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