NEW DELHI:
A bench of justices Bela M Trivedi and Satish Chandra Sharma set aside the NCDRC's decision, which had declared such high rates to be an unfair trade practice. The apex court's ruling came in response to appeals by multiple banks, including Standard Chartered Bank, Citibank, and HSBC, contesting the NCDRC's cap on credit card interest rates.
"In view of foregoing reasons, the judgment of the NCDRC is set aside and appeals are allowed," said Justice Trivedi while delivering the verdict. A detailed copy of the judgment was awaited till the time of going to print.
The impugned NCDRC order was stayed by the Supreme Court on February 3, 2009.
هذه القصة مأخوذة من طبعة December 21, 2024 من Hindustan Times Gurugram.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة December 21, 2024 من Hindustan Times Gurugram.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Violence in MP, Guj towns amid India's cricket win celebrations
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