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1 - 3 of 3 (0.25 seconds)Vimal Chandra Grover vs Bank Of India on 26 April, 2000
In Vimal
Chandra Grover v. Bank of India [AIR 2000 SC 2181] this
court has held that banking is business transaction between
bank and customers. Such customers are consumers within
the meaning of section 2(1)(d)(ii) of the Act.
Forasol vs Oil & Natural Gas Commission (And Vice ... on 25 October, 1983
To select the date
when the amount became due, the court has to act in a just,
fair and equitable manner because in a case where the rate of
exchange has gone up, the opponent escapes by paying a
lesser sum than what he was bound to and thus he gains by
default while in the converse case where the rate of exchange
has gone against the opponent, the opponent would be
subjected to a greater burden than what it should be. Apart
from the judgment of the Supreme Court in Forasol (supra),
we may observe that in such cases, the Agencies under the
Consumer Protection Act, 1986 should also keep in mind the
economic situation of the country. Encashment of dollar
denominated deposits have certain economic implications. In
the present case, none of these factors have been considered
by the State Commission. In cases of this type, the burden is
on the complainant to show the rate of exchange prevalent on
the aforestated dates in order to assist the court to arrive at
the indicative prices. This has not been done in the present
case. Neither the State Commission nor the National
Commission has examined this question regarding selection of
the appropriate date, the appropriate rate of exchange on that
particular date as also the rate of interest which the appellant
was required to pay.
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