Chairman-Cum-M.D,R.F.Corpn.And Anr vs Commander,S.C.Jain(Retd) & Anr

The Supreme Court granted leave to appeal against the National Consumer Disputes Redressal Commission's order directing the Rajasthan Financial Corporation to pay Rs.1,50,000/- as compensation with interest. The Court found that the Corporation's refusal to disburse the loan was based on the respondent's failure to submit valid bills as per the sanction terms, specifically regarding authorized dealers and the nature of the machinery purchased. The Court upheld the Commission's decision, emphasizing the importance of adhering to loan conditions outlined in the sanction letter.