Search Results for "Delayed Payment Charges"

645 result(s) found

Scroll Down To Discover

Found 645 result(s)

© Image Copyrights Juris Services & Technology

High Court of Karnataka Allows Appeal in Credit Card Recovery Suit — Reduces Usurious Interest Rate of 2.5% per Month Compounded Monthly to 6% per Annum Simple. Contractual interest held unconscionable and against public policy under Section 34 CPC.

The appellant, B. Gopa Kumar, was a credit card holder of Canara Bank (respondent) and was issued a Cancard-Visa card in 1998. He defaulted on payment...

© Image Copyrights Juris Services & Technology

High Court of Bombay Dismisses Arbitration Petition in Interest on Security Deposit Dispute. Contractual Bar on Interest and Non-Applicability of Section 31(7)(a) Arbitration Act Renders Claim Unsustainable; Arbitrator’s Finding on Evidence Upheld.

The dispute arose from an agreement dated 30 December 1996 between the petitioner, M/s. Mascon Multiservices & Consultants Pvt. Ltd., and the responde...

© Image Copyrights Juris Services & Technology

Gujarat High Court Allows Retired Employee's Claim for Interest on Delayed Annual Increment — Increment Due on 01.07.2018 Paid on 20.02.2025 Without Justification, Court Directs Payment of Interest at 6% Per Annum and Revision of Retirement Dues.

The petitioner, Dineshbhai Chhaganbhai Rana, a retired employee of Gujarat Vidyapith, filed a writ petition under Articles 14, 21, and 226 of the Cons...

© Image Copyrights Juris Services & Technology

Supreme Court Allows Homebuyers' Appeal in Consumer Dispute Against Developer — Interest on Balance Amount Quashed. Developer Failed to Deliver Possession by Scheduled Date Despite 90% Payment, Cannot Charge Interest on Balance from Homebuyers.

The appeal was filed by homebuyers against the final order of the National Consumer Disputes Redressal Commission (NCDRC) dated 23rd January 2023 in C...

© Image Copyrights Juris Services & Technology

National Consumer Disputes Redressal Commission Allows Consumer Complaint Against Builder for Delayed Possession and Failure to Obtain Occupation Certificate -- Opp. Parties Project Found Deficient in Service Under Consumer Protection Act

The National Consumer Disputes Redressal Commission disposed of two consumer complaints filed by complainants against Opp. Parties. The Complainants h...

© Image Copyrights Juris Services & Technology

Supreme Court Dismisses Electricity Board's Appeals in Illegal Disconnection Case — Board Cannot Claim Charges for Period of Its Own Wrongful Act. Initial Disconnection Without Considering Consumer's Instalment Request Violates Section 56 of Electricity Act, 2003.

The appeals arose from a dispute between the Bihar State Electricity Board (appellant) and M/s Iceberg Industries Ltd. (respondent/company) concerning...