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Results of consumer protection investment

Showing : 1-10 of 14 Results

SUPREME COURT OF INDIA

Year of decision: 2014
Details

Consumer Protection Act, 1986, Section 2(1)(g) -- Deficiency in services - Investment of amount by complainant/university with UTI for betterment of its employees - Stipulation in `terms of offer' that maturity amount will depend on NAV and same was guaranteed not to be below par value of Rs.10 per unit - All investments are subject to market risks and fluctuations and..........

NATIONAL CONSUMER DISPUTES REDRESSAL COMMISSION, NEW DELHI

Year of decision: 2011
Details

Consumer Protection Act, 1986, Section 2(1)(d), 2(1)(g), 14(1)(d), 21(b) -- Housing - Plot allotment - Re - allotment of plot - Deficiency in service - The fact that respondent purchased the plot from original allottee not for her own use/meant for her residence - The fact that she entered into a sale agreement soon after this re - allotment with a third party proves that..........

NATIONAL CONSUMER DISPUTES REDRESSAL COMMISSION, NEW DELHI

Year of decision: 2011
Details

Consumer Protection Act, 1986, Section 2(1)(d), 2(1)(g), 14(1)(d), 21(b) -- Housing - Plot allotment - Re - allotment of plot - Deficiency in service - The fact that respondent purchased the plot from original allottee not for her own use/meant for her residence - The fact that she entered into a sale agreement soon after this re - allotment with a third party proves that..........

NATIONAL CONSUMER DISPUTES REDRESSAL COMMISSION, NEW DELHI

Year of decision: 2011
Details

Consumer Protection Act, 1986, Section 2(1)(d) -- Consumer - Banking service - Fixed deposit - FCNR(B) account - Commercial purpose - Held that where an individual simply makes a deposit of certain amount in a bank in some term deposit scheme, by doing so, he cannot be said to have indulged in a commercial activity - Any investment in such a scheme would certainly earn..........

NATIONAL CONSUMER DISPUTES REDRESSAL COMMISSION, NEW DELHI

Year of decision: 2011
Details

Consumer Protection Act, 1986, Section 2(1)(d) -- Consumer - Banking service - Fixed deposit - FCNR(B) account - Commercial purpose - Held that where an individual simply makes a deposit of certain amount in a bank in some term deposit scheme, by doing so, he cannot be said to have indulged in a commercial activity - Any investment in such a scheme would certainly earn..........

THE CONSUMER DISPUTES REDRESSAL COMMISSION, UNION TERRITORY, CHANDIGARH

Year of decision: 2010
Details

Consumer Protection Act, 1986, Section 2(1)(g), 14(1)(d) -- Housing - Flats construction project - Investment made to the tune of full price of flat - Guaranteed returns promised for a period of five years and after five years buy back of the said flat assured - Construction of flats not started by OP and after sometime cheques of guaranteed amount started bouncing -..........

NATIONAL CONSUMER DISPUTES REDRESSAL COMMISSION, NEW DELHI

Year of decision: 2010
Details

Consumer Protection Act, 1986, Section 2(1)(g), 3, Negotiable Instruments Act, 1881, Section 138 -- Deposit - Refund - Dishonour of cheque - Additional remedy - Petitioners/OP in their reply to the complaint before the District Forum have been quite ambivalent and have not clearly stated that the sum of Rs. 3.00 lakh was neither received by them nor have they denied that..........

NATIONAL CONSUMER DISPUTES REDRESSAL COMMISSION, NEW DELHI

Year of decision: 2008
Details

Consumer Protection Act, 1986, Section 2(1)(o) -- Financial services - Investment scheme - Green Gold Scheme - Non payment of amount - Liability of directors - Neither payment of money deposited nor rate of interest disputed - Non payment is also not in dispute - District Forum lifting the corporate veil and making the directors responsible for payment with interest which..........

DELHI STATE CONSUMER DISPUTES REDRESSAL COMMISSION, NEW DELHI

Year of decision: 2007
Details

Consumer Protection Act, 1986, Section 2(1),(d),(ii) -- Consumer - Deposit of amount by complainant-Trust with OP as investment - Rate of interest varied to its disadvantage unilaterally - Complainant Trust and not a person who had hired or availed the services of the respondent for consideration -It had only made investments with the respondents to enhance the..........

ORISSA STATE CONSUMER DISPUTES REDRESSAL COMMISSION, CUTTACK

Year of decision: 2006
Details

Consumer Protection Act, 1986, Section 2(1),(g) -- UTI - MIP-95 Scheme - Alleged improper mobilization and investment of funds of the respondent by the appellant due to which rate of dividend for year 2001-2002 was lowered to 5% - Nothing to support the allegation - Investment in the Mutual Fund Schemes subject to market risk and NAV plan - Knowing fully well about risk of..........

Showing : 1-10 of 14 Results