Friday, July 11, 2008

Consumer Protection Act_Practical Problems_4

Does rejection of application for grant of loan by a Bank constitute deficiency in service for which I can approach the Consumer Court?

The Bank has a wide discretion in the matter of granting loans and advances and continuing disbursement of loans sanctioned. The Consumer Courts cannot sit in judgement over the discretion exercised by the Bank and as such you will not succeed in any such action, if taken by you.

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