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.
The Supreme Court ruled that doctors can only be held liable for negligence when lacking the necessary qualifications or skills, or failing to apply reasonable expertise in treatment. The court emphasized that complications alone do not prove negligence, setting aside an earlier judgment of the NCDRC that awarded compensation.
The Supreme Court observed Today (Sept 11) that it was an important issue and posted the matter for hearing on September 18. The Court was hearing a batch of appeals against several decisions of the National Consumer Disputes Redressal Commission (NCDRC), all of which raised a common question of law.
Today, On 21st August, The Supreme Court ruled that asking for physical copies of documents after e-filing undermines the purpose of digital filing. This came up during a case at the National Consumer Disputes Redressal Commission (NCDRC). The court emphasized the need for effective digital filing and urged swift resolution of related issues. The progress in digital filing will be updated at the next hearing.
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.
Today (15th May): The Supreme Court closed the contempt of court case against two NCDRC members in the Ireo Grace Realtech case, despite dissatisfaction with their explanation. The court stressed the importance of obeying orders and urged caution. The case originated from non-bailable warrants issued against Ireo Grace’s directors despite a Supreme Court stay order.
Today (3rd April): The Supreme Court issued a contempt notice to NCDRC members for defying a stay order and issuing Non-Bailable Warrants to a real estate firm. Despite their apology, the Court found their actions to be a mockery of the court and an act of absolute impunity. The seriousness of the situation was emphasized due to the potential impact on individuals’ life and liberty.
Today (22nd April): The Supreme Court set aside the NCDRC’s order involving Yash Raj Films and the song “Jabra Fan.” The dispute arose when a consumer sought compensation for the song’s absence in the movie “Fan.” YRF successfully argued that the consumer did not qualify as a consumer and had publicly disclosed the song’s exclusion before the movie’s release.