The Supreme Court ruled that a borrower does not qualify as a consumer under the Consumer Protection Act if the loan is taken for profit-making purposes. A bench comprising Justices Sudhanshu Dhulia and Prashant Kumar Mishra made this observation while hearing an appeal by the Central Bank of India against a decision of the National Consumer Disputes Redressal Commission (NCDRC). The ruling clarifies the scope of consumer rights in financial transactions.
