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Axis Bank Limited vs Indian Cable Net Company Limited & Ors on 10 July, 2024

After noting the decision of the Hon'ble Supreme Court in the case of Siemens Engineering & Manufacturing Co. of India Limited vs. Union of India reported at (1976) 2 SCC 981, the decision of the Madras High Court in Fidelity Finance Ltd. vs. Banking Ombudsman reported at 2002 SCC OnLine Mad 864 and the High Court of Kerala in the case of M. M. Kunjumon vs. Reserve Bank of India reported at 2023 SCC OnLine Ker 7608, the Hon'ble Single Judge of the Delhi High Court held that a quasi judicial body, such as Ombudsman is reasonably expected to pass a well reasoned order and an empty formality thereto, deserves to be weeded out. It was further observed Page 10 of 17 that the Ombudsman is duty bound to pass reasoned order which would eventually foster a greater transparency in the decision making process and also inspire the confidence of the common man in efficient dispute resolution through such bodies. The Delhi High Court after considering the facts of that case held that though the Ombudsman was required to pass a detailed order after dealing with the submissions made by the complainant in its detailed complaint and also after providing sufficient opportunity of hearing to the respective parties, the same was not done. Under such circumstances the impugned orders passed by the Ombudsman were set aside and the matter was remitted back to the Ombudsman for fresh consideration in accordance with law.
Calcutta High Court (Appellete Side) Cites 24 - Cited by 0 - T S Sivagnanam - Full Document
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