Shriram Chits (India) Private Limited ... vs Raghachand Associates

The Supreme Court upheld the orders of the National Consumer Disputes Redressal Commission (NCDRC) regarding the appellant's refusal to refund the chit subscription amount, emphasizing the applicability of the Chit Funds Act, 1982. The Court reiterated that a service provider cannot unilaterally adjust dues against a consumer's subscription without proper justification. The appeal was dismissed, affirming the consumer's right to receive the subscribed amount despite the appellant's claims of outstanding dues.