SANT ROHIDAS LEATHER INDUSTRIES AND CHARMAKAR DEVELOPMENT CORPORATION LTD. versus VIJAYA BANK

Case summary from SCR

Issue for Consideration Whether the appellant, a body corporate, while availing services of the Bank to deposit its surplus funds in an interest bearing term deposit, such as a Fixed Deposit Receipt (FDR), could be considered a consumer as defined in Protection Act, 1986; whether the nature of allegations made in the complaint were such that they took the claim outside the purview of proceedings under the 1986 Act. Headnotes† Consumer Protection Act, 1986 – s.2(1)(d) – “consumer” – NCDRC dismissed the