OM PRAKASH SAINI vs DCM LTD..

The Supreme Court upheld the decision of the Delhi High Court regarding the restructuring of payments for Non-Convertible Debentures (NCDs) under the Consumer Protection Act, 1986. The Court emphasized that the financial difficulties faced by the issuer do not absolve it from its obligations under the terms of the debentures, as outlined in the communications dated 16.7.1998, 26.2.1999, and 17.6.1999. The Court ruled that the appellant is entitled to seek redress under the Consumer Protection Act for the non-payment of dues, affirming the need for compliance with the revised repayment scheme.