West Bengal

Kolkata-II(Central)

CC/374/2022

Kailash Prasad Jain - Complainant(s)

Versus

KFin Technologies Ltd. - Opp.Party(s)

Awadhesh Kumar Rai

14 Sep 2024

ORDER

DISTRICT CONSUMER DISPUTES REDRESSAL COMMISSION
KOLKATA UNIT - II (CENTRAL)
8-B, NELLIE SENGUPTA SARANI, 7TH FLOOR,
KOLKATA-700087.
 
Complaint Case No. CC/374/2022
( Date of Filing : 12 Oct 2022 )
 
1. Kailash Prasad Jain
9,Rowdon Street, Udaychal Flat 17, 5th Floor,P.S. Shakespeare Sarani, Kolkata-700017.
...........Complainant(s)
Versus
1. KFin Technologies Ltd.
Regd. office Selenium Tower-B,Plot 31 and 32,Gachibowli,Financial District,Hyderabad-50032 and branch office 2/q, Russel Street,4th Floor,Kankaria Centre,Kolkata-700016.
2. Larsen and Turbo Ltd.
L and T House, Bellard Estate,Maharashtra,Mumbai-400001.
3. Ultratech Cements Ltd.
B Wing, Ahura Centre,2nd Floor, Mahakali Caves Road, Andheri (East), Mumbai-400093.
4. Ashish Mehta
Ashirvad Building,16,Idgah Hills, Bhopal-462001.
5. Vimal Mehta
Ashirvad Building,16,Idgah Hills, Bhopal-462001.
6. Satyadev Mehta
Ashirvad Building,16,Idgah Hills, Bhopal-462001.
7. Eastern Stockment Consulants pvt. Ltd.
7B, Kiran Shankar Roy Road, Kolkata-700001 and 46A, Rafi Ahmed Kidwai Road, 5th Floor,Kolkata-700017.
............Opp.Party(s)
 
BEFORE: 
 HON'BLE MRS. Sukla Sengupta PRESIDENT
 HON'BLE MR. Reyazuddin Khan MEMBER
 
PRESENT:Awadhesh Kumar Rai, Advocate for the Complainant 1
 
Dated : 14 Sep 2024
Final Order / Judgement

Record is placed before the National Lok Adalat as per order dated 16.08.2024 for settlement of the matter.

Both the parties are present. It has been submitted for the OPs that the complainant and the OPs-1 to 3 have decided to settle the dispute between them on some terms of settlement as mentioned:

  1. The complainant will not claim from the OPs-1 to 3 compensation of Rs.2,00,000/- for mental stress and agony.
  2. The complainant will not claim from the OPs-1 to 3 Rs.20,000/- for the cost of instant proceeding in the instant proceedings.
  3. The OPs-1 to 3 are required to transfer to the complainant the shares i.e. 450 shares of L & T being folio No. 04649729 and Certificate No. 419455 (50), 419457 (50), 419459 (100), 1433631 (100), 1433632 (150) and 40 shares of Ultratech Cement Ltd. being Folio No. 04649729 and Certificate No. 263131 (40).

Prayer of the complainant and the OPs-1 to 3 is for passing a decree in terms of settlement as mentioned above.

OPs-1 to 3 are directed to transfer all the shares as mentioned above to the complainant within 4 (Four) months from the date of passing of this order.

In view of the submission of the parties and the joint compromise petition in the instant case is disposed of on compromise petition which do form a part of this order.

Hence, the CDF Unit-II, CC No. 374/2022 is settled and disposed of finally through the National Lok Adalat.

If the OPs transgress to comply the order of the National Lok Adalat as per terms and condition as mentioned in the compromise petition within the period as mentioned afore, the complainant is at liberty to file appropriate application for execution of the decree as per law.

Let a copy of this order be supplied to both the parties free of cost with proper endorsement.

 
 
[HON'BLE MRS. Sukla Sengupta]
PRESIDENT
 
 
[HON'BLE MR. Reyazuddin Khan]
MEMBER
 

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