A bank’s “paramount right of set-off and general lien” over a borrower’s accounts does not extend to life-insurance proceeds received by his widow on his death, the Allahabad High Court held prima facie, ordering SBI to refund Rs 17.29 lakh it had recovered from a widow’s account towards her late husband’s personal loan. Prayagraj: The […]
The Centre has notified that no bank or payment system provider may impose any charge, directly or indirectly, on either the payer or the recipient for payments made through RuPay debit cards and UPI transactions up to Rs 2,000, exercising a newly-inserted power under the Payment and Settlement Systems Act. New Delhi: The Central Government […]
The Supreme Court has dismissed an electricity distribution company’s appeal over a Rs 57.74 lakh minimum-consumption demand raised in 2007 for a 1998 period, holding the claim time-barred, and reaffirming that a power utility cannot recover dues by disconnection beyond the two-year limitation under Section 56(2) of the Electricity Act. New Delhi: The Supreme Court […]
The Supreme Court ruled that homebuyers can approach consumer forums for compensation over delayed possession even after taking flat possession. The Court set aside the NCDRC order and held that arbitration clauses cannot prevent buyers from seeking remedies against real estate developers for deficient services.
The Darjeeling District Consumer Commission has directed Amazon Seller Services and a seller to pay Rs 4.68 lakh compensation to a customer over delivery of the wrong camera model. The ruling highlights e-commerce platform liability and questions the intermediary defence used by online marketplaces.
The Pathanamthitta Consumer Commission directed KSBC to compensate a customer for charging more than the printed MRP on a beer bottle. Holding the practice to be an unfair trade practice and deficiency in service under the Consumer Protection Act, the Commission awarded refund, compensation, and costs totaling Rs 25,000.