Supreme Court of India · 2020-10-01
M/S MAGMA FINCORP LTD. (FORMERLY MAGMA LEASING LIMITED) vs RAJESH KUMAR TIWARI
- Citation / case number
- SC 2018/41257
- Court
- Supreme Court of India
- Petitioner
- M/S MAGMA FINCORP LTD. (FORMERLY MAGMA LEASING LIMITED)
- Respondent
- RAJESH KUMAR TIWARI
- Author
- HON'BLE THE CHIEF JUSTICE
- Bench
- HON'BLE MS. JUSTICE INDIRA BANERJEE HON'BLE THE CHIEF JUSTICE
Judgment text excerpt
The Supreme Court dismissed the appeal filed by M/S Magma Fincorp Ltd. against the National Consumer Disputes Redressal Commission's order, which upheld the State Commission's decision to direct the Financier to pay the Complainant Rs. 2,23,335 along with interest and compensation for mental injury. The court found that the lower forums had correctly interpreted the Consumer Protection Act and the facts of the case, affirming the Complainant's rights under the hire-purchase agreement.