2004 INSC 0068
                                    SUPREME COURT OF INDIA

                                  Pokhran Investments Private Limited

                                                      Vs.

                                          Indusind Bank Limited

                                           C.A.No.6931 of 2002

                                   (S. N. Variava and H. K. Sema JJ.)

                                                 16.01.2004

                                                   ORDER

1. Appeal admitted.

2. Heard parties.

3. By the impugned order, National Consumer Disputes Redressal Commission has
dismissed the complaint on the ground that the case falls within the jurisdiction of SEBI. We
are unable to sustain this reasoning. The complaint is for loss suffered for alleged deficiency
in service and damages for the mental agony. These are matters, which can be dealt with by
the National Commission. The National Commission has jurisdiction to decide these aspects.

4. We, therefore, set aside the impugned order and remit the matter back to the National
Commission for disposal on merit. We clarify that we have not at all dealt with the merits of
the matter. Any observations made herein will not be taken into consideration.

The appeal stands disposed of accordingly.

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