8. In one of the cases, the Goa State Commission
said that The Consumer Protection Act is not
for entertaining or compensating speculative
transactions or losses": It also said that
compensation cannot be given under the
Consumer Protection Act to those involved in sale
and purchase of shares, which are commercial
transactions. The order follows an appeal by a
Mumbai-based stock broker India Infoline Limited
against an order of the Goa District Consumer
Forum. Initially, the judgement of the Goa District
Consumer Forum had awarded damages to Panaji
resident Vaman Nagesh who had lost money in
share trading through a stock broker India Infoline
Limited
in context of the above case:
( Why do commercial transactions' not fall under
the purview of consumer under the Consumer
Protection Act?
(IHWhy do you think that the above mentioned
case was initially filed in the Goa District
Forum by Vaman Nagesh?
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