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Lloyds Finance Ltd. vs Ms. Napeena Singh, A.I. Katyal, Ms. ... on 30 January, 2003 cites

M/S Allianz Capital & Management ... vs B.P. Grover And Ors. on 9 November, 2000

5. It is contended before us by the petitioner that it being NBFC, functions under the guidelines of Reserve Bank of India (RBI for short) within the purview of the Reserve Bank of India Act, 1934. Petitioner, it is stated, had received deposits from various depositors from all over the country to the tune of over Rs. 350.00 crores. Petitioner has its registered office at Mumbai and branches at various places in the country from where deposits were taken from the depositors. It is contended that a scheme was framed on 16.4.99 by Company Law Board ( western branch) which was subsequently modified on 22.12.2000. That scheme was in the interest of the depositors including the respondents-complainants herein. Complaints in the present case were filed in between the period from 1999 to 2001 before different Consumer Forums. It is not contended that District Forum had no territorial jurisdiction to take cognizance of the complaints filed before them. Strong reliance has been placed by the petitioner on a order dated 9.11.00 rendered earlier by this Commission in the case of M/s. Allianz Capital & Management Services Ltd. vs. N.P. Grover & Ors. [I (2000) CPJ (NC) 617] where this Commission took the following view:
National Consumer Disputes Redressal Cites 0 - Cited by 4 - Full Document
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