Woman applied for 130 IPO shares, bank entered only 65; consumer commission awards Rs 37,000 for deficient service but rejects her Rs 40 lakh compensation claim
The commission rejected her demand for Rs 40 lakh in compensation, describing the amount as “highly excessive”. (Image for representative purpose only) You apply for a certain number of shares for an Initial Public Offering (IPO) and then discover that the bank has recorded only half of the number! What do you do in such…