Supreme Court · 2024 INSC 1044 · Decided 19 December 2024
Hongkong and Shanghai Banking CORP. LTD. v. Awaz & ORS.
- Court
- Supreme Court of India
- Citation
- 2024 INSC 1044 · [2024] 12 S.C.R. 1482
- Case number
- CIVIL APPEAL No. 5273/2008
- Decided
- 19 December 2024
- Bench
- BELA M. TRIVEDI, SATISH CHANDRA SHARMA (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- CPC; Registration Act; Consumer Protection Act Section 12(1), 13(6), 2(1)(d), 2(1)(m)
Headnote
(i) Whether the Respondent organization had the locus to approach the National Consumer Disputes Redressal Commission (NCDRC); (ii) Whether the NCDRC had the jurisdiction to interfere with banking operations, which is the exclusive statutory domain of the (iii) Whether the NCDRC had the jurisdiction to fix a maximum ceiling rate of interest to be charged by banks from their credit card holders for their failure to make full payment on the due date, at the behest of the Reserve Bank of India & unilaterally direct banks/non-banking financial
Judgments are the courts' own published copies, provided for study; they are not certified copies. Source: Indian Supreme Court & High Court Judgments, Dattam Labs (CC-BY-4.0)