Supreme Court of India
The Chief Manager, Central Bank of India & Ors. v. M/s Ad Bureau Advertising Pvt. Ltd & Anr.
INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.
What the Court ordered
In view of the aforesaid, we see absolutely no scope for our interference with the order dated 30.08.2023 of the NCDRC as regards the quantum of compensation awarded.
Judgment, page 11
From the headnote
Issue for Consideration Issue arose as to whether the borrower of a project loan, falls within the definition of ‘Consumer’ under the provisions of the Consumer Protection Act, 1986. Headnotes† Consumer Protection Act, 1986 – s.2 (1)(d)(ii) – Definition of ‘Consumer’ – Borrower of project loan, if falls within the definition of ‘Consumer’ – Maintainability of the consumer complaint – Respondent-advertising and branding company defaulted on a project loan availed from the appellant-Bank for engaging in the post production of a movie – Initiation of proceedings, One Time Settlement between the
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