National · National
Woman applies for 130 shares, bank enters 65; commission awards Rs 37,000, not Rs 40L
Source: Times of India — Top Stories · 3 hr ago
Summary
A woman applied for 130 shares in an IPO, but the bank recorded her request for only 65 shares, which she said caused a financial loss and personal distress. The Gujarat State Consumer Disputes Redressal Commission partially upheld her complaint, ordering the bank to pay a compensation of Rs 37,000.
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From the original report
In 2022, the woman applied for 130 shares in an IPO. However, the bank recorded her application for just 65 shares, which she claimed resulted in a loss of Rs 42,142. She also accused the bank of causing her physical and mental harassment. The Gujarat State Consumer Disputes Redressal Commission subsequently partly allowed the woman’s appeal.
Excerpt from Times of India — Top Stories.
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