SHRIKANT G. MANTRI vs PUNJAB NATIONAL BANK

The Supreme Court upheld the decision of the National Consumer Disputes Redressal Commission, which ruled that the appellant was not a consumer under Section 2(1)(d) of the Consumer Protection Act, 1986. The court reasoned that the appellant, being a stock-broker and having availed an overdraft facility for professional purposes, did not qualify for consumer protection. Consequently, the appeal was dismissed as the complaint was deemed not maintainable.