The NCDRC ruled that an insurance claim cannot be denied merely because a column was left blank in the proposal form, slamming Bharti Axa Life Insurance for rejection.
Today, On 20th December, The Supreme Court set-aside the NCDRC’s 2008 decision that limited credit card interest rates to 30%. The NCDRC earlier criticized banks for charging high rates of 36% to 49% on overdue payments. The Supreme Court’s ruling will affect how banks set interest on credit card dues. This decision shows a change in financial regulation policies.
Today, On 29th July, The Supreme Court upheld the NCDRC’s decision, ordering a builder to refund home buyers for delayed possession of flats. The court increased the interest rate to 12 percent, emphasizing the buyer’s prolonged suffering. The ruling requires the developer to refund the entire amount with 12 percent interest and compensate the buyers within three months.
The Supreme Court directed Mercedes to refund Rs. 36 lakh to M/s Controls and Switchgear Company Limited for selling a defective car. The court upheld the decision of the National Consumer Disputes Redressal Commission, citing the discomfort and inconvenience caused to the respondent and the lack of evidence from Mercedes to support its claims.
The Supreme Court expressed dissatisfaction with NCDRC members’ defiance of an interim order, raising concerns about their adherence to legal procedures. The case originated from consumer grievances filed by homebuyers affected by delays in a housing project. The Court scheduled further proceedings and considered representations from both the project developer and legal heirs of a deceased homebuyer.
![[ NCDRC Practice Direction] Introduced a Hybrid mode for Hearings Starting From April 15](https://i0.wp.com/lawchakra.in/wp-content/uploads/2024/04/MicrosoftTeams-image-27.png?resize=447%2C367&ssl=1)
The NCDRC has introduced a hybrid mode for hearings starting from April 15, allowing both physical appearances and video conferencing. This pilot project aims to streamline dispute resolution and make it more accessible for consumers. The NCDRC has released standard operating procedures to govern virtual proceedings, representing a significant step towards enhancing consumer access to justice.
