K. SAGAR vs A.BAL REDDY

The Supreme Court addressed the jurisdiction of Consumer Forums under the Consumer Protection Act, 1986, specifically regarding disputes between chit funds and their prized subscribers. The Court held that the Consumer Forums do not have jurisdiction to entertain such disputes, reaffirming the precedent set in M/s Dwarkadish Chits Pvt. Ltd. vs. Sanju Ram Aggarwal. The appeal was allowed, and the order of the National Commission was upheld, dismissing the revision petition without costs.