Supreme Court of India · 2003-08-29
Cci Chambers Co-Op. Hsg. Society Ltd vs Development Credit Bank Ltd
- Citation / case number
- AIR 2004 SUPREME COURT 184
- Court
- Supreme Court of India
- Petitioner
- Cci Chambers Co-Op. Hsg. Society Ltd
- Respondent
- Development Credit Bank Ltd
- Author
- R.C. Lahoti
- Bench
- R.C. Lahoti, Ashok Bhan
Judgment text excerpt
The appellant filed a complaint alleging deficiency of service against the respondent bank for honoring multiple cheques with forged signatures and altered amounts, resulting in a significant unauthorized debit. The primary legal issue concerns the liability of a bank for negligence in verifying signatures and the subsequent classification of such failure as a deficiency of service under consumer protection laws. The court examines whether the bank exercised due diligence in processing the disputed transactions.