SC sets aside 2008 NCDRC judgment capping interest on credit card dues at 30 pc
The Statesman Delhi|December 21, 2024
The Supreme Court on Friday set aside the 2008 judgment of the National Consumer Disputes Redressal Commission (NCDRC) which, while capping the interest rates on credit card dues at 30 per cent, had said that banks charging interest in excess of 30 per cent on credit card dues would amount to unfair trade practice.
PARMOD KUMAR

The 2008 NCDRC judgment was set aside by a bench of Justice Belas M. Trivedi and Justice Satish Chandra Sharma. The copy of the judgment is awaited.

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