M.D., Maharashtra State ... vs Sanjay Shankarsa Mamarde

The Supreme Court upheld the order of the National Consumer Disputes Redressal Commission under Section 23 of the Consumer Protection Act, 1986, directing the Maharashtra State Financial Corporation to pay Rs.4,84,457/- as compensation to the complainant for failure to disburse the sanctioned loan amount timely. The Court established that the Corporation's delay in fulfilling its obligations constituted a deficiency in service under the Act. The appeal was dismissed, affirming the Commission's decision and the compensation awarded.