Banking service -- Term loan - Deficiency in service - Compensation - Non disbursal of amount of sanctioned loan - Loss sustained by complainant under various heads - Held that Consumer Fora can compensate the parties only with regard to the deficiency in service - In respect of other claims, the parties will have to approach other Fora...........
Consumer Protection Act, 1986, Section 2(1)(g), Interest Act, 1978, Section 3, Civil Procedure Code, 1908, Section 34 -- Housing - Plot allotment - Interest rate - Charging on additional amount - Nothing in agreement which provides for rate of interest to be levied on the additional price on account of enhancement of acquisition cost - It has to be in keeping with..........
Banking service -- Cheque encashment - Directions dated 14.7.2008 given about time period within which credit for encashment of cheques to be given to the consumer's account...........
Consumer Protection Act, 1986, Section 2(1)(g) , 2(1)(r) -- Banking service - Vehicle finance - Foreclosure charges - Unfair trade practice - For full tenure of 18 months the complainant was to pay a total interest amount of Rs.91,440/ - Foreclosure of loan by complainant after 7 months - Bank demanding interest plus foreclosure charges amounting to 1,09,461/ - Held that..........
Consumer Protection Act, 1986, Section 2(1)(b) , 2(1)(r), Banking Regulation Act, 1949, Section 21A -- Banking service - RBI - Unfair trade practice - Complaint - Maintainability - Held that if unfair trade practice is adopted by the banks, the complaint is maintainable...........
Consumer Protection Act, 1986, Section 2(1)(r) -- Banking service - Credit card - Interest rate - Charging of at rates ranging from 36% to 49% p.a. is exorbitant and amounts to exploitation of the borrowers/debtors and is usurious...........
Consumer Protection Act, 1986, Section 2(1)(r) , 14(1)(f) -- Banking service - Unfair practice - Credit card - Interest - Charging of - Direction issued that (i) charging of interest @ in excess of 30% p.a. from credit card holders by banks for the failure to make full payment on the due date or paying the minimum amount due is an unfair practice (ii) Penal interest can be..........
Banking service -- Misappropriation of amount - Instead of operating of account under the signatures of joint signatories amount allowed to be withdrawn on signature of one signatory - Respondent Bank directed to pay the amount to the petitioner Society with 5% per annum rate of interest...........
Consumer Protection Act, 1986, Section 2(1)(g), Contract Act, 1872, Section 128 -- Banking service - Banker's lien - Fixed deposit - Guarantors' liability - Time barred debt - Without consent of the complainant FD converted in 1994 has been made security as against time barred debt of 1980 - Creditors remedy against debtor was not exhausted and no steps were taken against..........
Constitution of India, 1950, Article 226 -- Banking law - One Time Settlement Scheme (OTS) - Withdrawal of - Challenge - Bank withdrawing OTS on ground of non-disclosure of complete details regarding assets of borrower - Bank in terms of its scheme and policies wanted disclosure of all the facts - Petition dismissed...........
