He was regularly being provided with all the contract notes, sale bills and other documents.He never objected in whatsoever manner until 8/10-7-04.
The trading member fraudulently transferred all the shares from my DMAT a/c 10651928 to his DP pool a/c on 28th Jun-04 misusing my speed-e given to him in good faith and then allegedly sold all these shares on 29th Jun-04 without my knowledge.
The trading member has cheated and defrauded me in a planned manner and now refuses to return my shares as placed at page 10 and money kept in margin account as reflected in the statement of a/c. Even NSE has failed to obtain my entitled documents/accounts requested by me and finally referred the case for arbitration.
1 all the shares which were transferred on 28th June 2004 from his account with all incidental benefits such as dividend, bonus shares, rights shares and splitting up of the shares etc. DP-IN 300118 with the National Securities Depository Ltd. Respondent No.1 also had a speed-e facility which enabled him to issue delivery instructions to the Petitioner, download his DEMAT account details and access the transaction details and statements. According to the Petitioner, Respondent No.1 had on 30th March 2004 issued two cheques in favour of the Petitioner, one in the sum of Rs. According to the Petitioner it made several requests and sent reminders to Respondent No. In order to square up a part of the outstanding, Respondent No.
Puri, whereby the Petitioner has been directed to return to Respondent No. 1 entered into an agreement on 2nd January 2004 with the Petitioner, which is a trading member of the National Stock Exchange (`NSE'), for trading in securities under Code No. Respondent No.1 also had a DEMAT account (No.10651928) with the Petitioner, which is also a Depository Participant under No. It is further stated that due to heavy trading undertaken by Respondent No.1, an amount of Rs.1,08,56,840.24 was outstanding in his trading account as on 28th June 2004.
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Incorporated in 1991, Alankit Assignments Ltd provideds services from offline & online trading in Equity, Future and Option segments, Commodities, Currency Derivatives, Debt Market, Interest Rate Futures, Portfolio Management, Pharmaceutical Retail, Third Party Administrator (TPA) to Pension Services. The Petitioner states that they sold the securities transferred to their pool account by Respondent No.1 for a total value of Rs.74,85,681.24 on 29th June 2004. challenges in this petition under Section 34 of the Arbitration and Conciliation Act, 1996 ('Act') an Award dated 10th December 2009 passed by the learned Arbitrator in the dispute between the Petitioner and Respondent No. 1 transferred securities from his DP Account No.10651928 to the Petitioner's Pool Account No.10000004 and advised the Petitioner to sell the same and adjust the proceeds against the outstanding balance. 1 also advised the Petitioner to re-present either the cheque for Rs.32,32,645.31 or the cheque for Rs.30 lakhs. He is harassing me in all possible manners and is now threatening of legal action as well. He further raised a bogus demand of over 32 lacs on me and presented one of my previous cheques withheld with him with malafide intentions in a clever manner. Summary of the case This is a case of cheating and fraud where I was lured and trapped into a lucrative scheme with assured good returns on investment. 14.40 lacs in installments by cheques and shares worth over 3.5 lacs were transferred from my old DMAT Account No. However it was agreed that the negative consequences or losses will be borne by Alankit, if any. also offered me an income tax saving scheme where he can provide me the capital loss certificates from one of this companies/concerns to avoid Income Tax. Of course, I had seen such certificates being issued to various people for consideration. now suddenly informed me on 2nd July 04 vide their letter dated 30th June 2004 that on my instructions he had sold off shares from my account worth Rs.75,84,208.65/- on and that I have to still pay him Rs.32,72,631.59/-. However, summary of the case is placed at Section-C of this statement." "C. I understand that his money was either not claimed by the investors or the payment was delayed to them, as the case may be. He also promised me 25% of profit sharing coming from this trading a/c.KLM Axiva Finvest Limited Shriram City Union Finance Limited Srei Equipment Finance Ltd Tata Capital Financial Services Ltd Muthoottu Mini Financiers Ltd More NCD... On 26th Jun 04, we realized that market scenario is not good at all and his intentions had become malafide when he ruthlessly tried to mingle with the accounts of my wife and my brother-in-law.The Company has its headquarter in Delhi with 18 Regional Offices in Mumbai, Kolkata, Chennai, Ahmedabad, Bengaluru, Hyderabad, Lucknow, Jaipur, Indore, Chandigarh, Pune, Bareilly, Cochin, Amritsar, Ludhiana, Ranchi, Bhubaneswar and Guwahati. has overseas offices in London, Singapore and Dubai.Alankit Assignments Ltd Alankit House 2E/21, Jhandewalan Extension, New Delhi - 110055 Website: https:// Email: [email protected]: (011) 4254 1234 Fax: (011) 4254 1967 Current SME IPO SME IPO Subscription Status SME IPO Calendar Performance Tracker SME IPO SME IPO Listing Date & Gains SME IPO Allotment Status SME IPO Reviews General IPO Information IPO Grey Market IPO FAQ IPO Reports (Historic) Tutorials Point (India) Ltd Novateor Research Laboratories Ltd Salasar Exteriors and Contour Ltd Transpact Enterprises Ltd Alphalogic Techsys Ltd Wonder Fibromats Limited SK International Export Limited A B Infrabuild Limited City Pulse Multiplex Limited More SME IPO...