complainant had got encashed the cheque issued by the
Pacl Insurance Ltd., in the name of the accused as the
complainant only had collected
Accused No.1 & 2 were working as agents in
PACL India Ltd., & no suggestion has been put to DW1
with regard ... Therefore
the defence of the Accused that they obtained the agency
of PACL from the father of the Complainant has not been
receipts stands in the name of PACL India Ltd., are stands in the
name of accused. Ex.D4 is the Rental Agreement dated ... Prajavai News paper cutting to show that the complainant i.e.
PACL made a cheat against several persons reported in 13-1-2014
are clearly
agent of PACL company, whose subsidiary is Lotus
Agriculture and Marketing Corporation Society Ltd. The
complainant had initially invested ... Ltd.
Complainant later invested an additional amount of Rs.
50,000/- in the same company. Later on, SEBI had seized all
the accounts of PACL