Supreme Court · 2000 INSC 254 · Decided 26 April 2000
Vimal Chandra Grover v. Bank of India
- Court
- Supreme Court of India
- Citation
- 2000 INSC 254 · [2000] 3 S.C.R. 587
- Case number
- CIVIL APPEAL No. 15701/1996
- Decided
- 26 April 2000
- Bench
- S. SAGHIR AHMAD, D.P. WADHWA (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Contract Act Section 172to177; Consumer Protection Act Section 2, 2(l)(o), 2(1)(o), 2(l)(g)
Headnote
Consumer Protection Act, 1986-S. 2{l)(o), 2(l)(g) & 2(2)(d)-Bank­ Deficiency in service-Overdraft facility availed by a customer by pledging his shares-Request for selling in a part of shares pledged-Delay on the pm1 of the Bank in disposing the shares-Meanwhile share prices falling of-Held, grant of ovenlraft facility to a customer by charging interest amounts to 'service' by Bank­ Delay in disposing the shares resulting in loss to the customer amounts to 'deficiency' in service-Customer entitled to claim compensation along with interest-Banking Regulation Act,
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