Supreme Court · 2022 INSC 217 · Decided 22 February 2022
Shrikant G. Mantri v. Punjab National Bank
- Court
- Supreme Court of India
- Citation
- 2022 INSC 217 · [2022] 5 S.C.R. 945
- Case number
- CIVIL APPEAL No. 11397/2016
- Decided
- 22 February 2022
- Bench
- L. NAGESWARA RAO, BHUSHAN RAMKRISHNA GAVAI (2-judge bench)
- Outcome
- Case Partly allowed
- Case type
- Civil
- Acts & sections cited
- Consumer Protection Act Section 2(1)(d), 2(1)(d)(i), 2(1)(d)(ii)
Headnote
Consumer Protection Act, 1986: ss. 2(1)(d), 2(1)(d)(i), 2(1)(d)(ii) - Appellant was a stock-broker by profession - He was also acting as stock broker for respondent bank - Appellant took overdraft facility from respondent-bank and also sought enhancement of the same from time to and for enhancing profit - Whether the appellant had availed the services of the respondent for 'commercial purpose' and therefore he was not a consumer as envisaged under s.2(1)(d) of the Act - Held: Ordinarily, "commercial purpose" is understood to include
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