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May 2023

Can Banks Recover Credit Card Dues from Your Fixed Deposit Even if It Is ‘Time-barred’?

Recently, Thane additional district consumer disputes redressal commission held that banks can recover the dues from a credit card customer from the customer’s fixed deposit (FD) held by the bank. The district commission dismissed the plea by the card-holder after the bank contested that: The bank had reached a settlement with the card-holder to clear […]

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Insurance on ATM-cum-Debit Card: NCDRC Asks New India Assurance To Pay Rs5 Lakh Claim

Upholding orders passed by the fora below, the national consumer dispute redressal commission (NCDRC) asked New India Assurance Co Ltd to pay an insurance claim of Rs5 lakh to the family of the deceased holder of a debit-cum-ATM card from Axis Bank. In an order issued last week, the bench of Subhash Chandra (presiding member)

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Consumer Forums Can’t Award Compound Interest, Rules SC while Allowing a 73-Year-Old Home-buyer To Retain Rs2.48 Crore Deposited by Suneja Towers

While allowing a home-buyer to retain money already received from a builder only because of the particular circumstances of the case, the Supreme Court reiterated that it disapproves of consumer forums awarding compound interest in these matters while exercising jurisdiction under the Consumer Protection Act. In an order last week, the bench of justice Dinesh

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Cyber crooks held for cheating Max Insurance policyholders

The Intelligence Fusion & Strategic Operations (IFSO) unit of Delhi Police has arrested five cyber criminals for cheating 22 Max Insurance policy holders to the tune of Rs 2.38 crore, an official said. The official said that the gang, including two ex-employees of Max Insurance company, was allegedly involved in fraudulent withdrawal of unclaimed money

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Unclaimed Deposits: Conduct Special Drive To Facilitate Settlements and Claims, Says FM Sitharaman

Expressing concern over increasing unclaimed deposits with banks, companies, mutual funds and insurers, finance minister (FM) Nirmala Sitharaman advised sector regulators to conduct a special drive to settle unclaimed deposits and claims. The value of unclaimed deposits in India is estimated to be over Rs90,000 crore, out of which the total unclaimed deposits transferred to

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WhatsApp curbing international spam calls in India after govt’s warning

Meta-owned WhatsApp on Thursday said it has taken stern action on the growing menace of International scam calls in India, after the government took cognisance of the issue and announced to send a notice to the platform over the issue. The platform, which has over 500 million users in the country, said it has ramped

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Rs2 Crore for Bad Hair Treatment! NCDRC Keeps Compensation Unchanged Even after SC’s Reference

Accepting the evidence submitted by a complainant to substantiate her compensation claim, the national consumer disputes redressal commission (NCDRC) decided to keep its Rs2 crore compensation intact. NCDRC was hearing afresh the case remitted by the Supreme Court. While upholding a deficiency in service as hair was important in a woman’s life, the Supreme Court

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Assessment of Student’s Performance by Faculty Is Not Deficiency or Unfair Trade Practice: NCDRC

Setting aside an order passed by the state commission, the national consumer disputes redressal commission (NCDRC) clarified that assessment of the academic and overall performance, including ‘conduct and character’ of a student, in an educational institution made by the faculty as part of its working in the ordinary course is beyond the scope of the

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