All care has been taken that the information listed is correct.However because of nature, some information might have changed. SCS shall not have any responsibility in this regard. He is harassing me in all possible manners and is now threatening of legal action as well.
1 stated as under: "The Case I had paid Rs.14.4 lacs by cheques to the trading member M/s. towards investment under a specific scheme as explained in Section-C and had transferred shares worth around 3.5 lacs from my old DMAT a/c 10019234 to my new DMAT a/c 10651928. claims to have traded in my shares on my behalf in my account but has not even provided me with the basic entitled documents needed by me to understand the a/c and prepare the reply to his alleged claim.
However, by a reply dated 8th July 2004, Respondent No. Ultimately, after issuing notice to Respondent No.1 the Petitioner filed a complaint against him No.1 on 2nd September 2004 under the Negotiable Instruments Act, 1881. In the opening paragraph of the said complaint, Respondent No.
He fraudulently used my DMAT speed-e password to transfer all the shares to his pool a/c. Copy of his letter is enclosed as Annexure-II at Page-H.
He assured me that there is almost no probability of losing in a market, which is basically controlled by them and they always have advance information about it. He had some other such schemes too but I opted for one mentioned in preceding paragraph. Surprisingly, he was silent on the margin money of Rs.15 lacs with them since he fraudulently wanted to use one of the previously issued cheques of almost same amount to recover the alleged outstanding amount and which he did.
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 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.Ashok Aggarwal and were restored to her by an intervention of the NSE after the complaint was lodged with them. 1 gave instructions to NSDL on 28th June 2004 to freeze the DEMAT Account. Ashok Aggarwal "reacted sharply and fraudulently transferred all the shares from his DEMAT Account to his pool account on the same date and emptied it. A reply was filed to the above complaint by the Petitioner in Form No.3 before the NSE on 4th May 2005.It was alleged that the share of the brother-in-law of Respondent No. Later he allegedly sold these shares on 29th June 2004." It was claimed that the Petitioner presented an old cheque of Respondent No. Paras 12, 13, 14 and 15 of the reply read as under: "12. He was fully aware of the transactions of his DMAT and securities trading accounts and also margin money accounts for securities trading. 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. 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. A copy of the said application filed by Respondent No. The cheque of Rs.32,32,645.31 dated 30th March 2004 was re-presented but was returned dishonored. Respondent No.1 filed an application with the NSDL for freezing his DEMAT Account No.10651928 alleging misuse of speed-e facility by the Petitioner.