Supreme Court of India · 2020-02-28
Bank Of India vs M/S Brindavan Agro Industries Pvt Ltd
- Citation / case number
- AIRONLINE 2020 SC 277
- Court
- Supreme Court of India
- Petitioner
- Bank Of India
- Respondent
- M/S Brindavan Agro Industries Pvt Ltd
- Author
- Hemant Gupta
- Bench
- Hemant Gupta, D.Y. Chandrachud
Judgment text excerpt
The Supreme Court upheld the decision of the National Consumer Disputes Redressal Commission, affirming that the Bank of India failed to process the loan application of M/S Brindavan Agro Industries Pvt Ltd in a timely manner. The court emphasized the importance of consumer rights and the obligation of financial institutions to act promptly on loan applications. The appeal by the Bank was dismissed, reinforcing the consumer's right to seek redress for delays in service.