A landmark judgment was delivered by the
NATIONAL CONSUMER DISPUTES REDRESSAL COMMISSION in
Complaint Case No. 51 of 2007 filed by “Awaz”,PunitaSociety,Ambawadi, “Jagrut Nagrik” & Pradeep Kumar Thakur Against 1.Reserve Bank of India,2.Hong Kong and Shanghai Bank 3.American Bank 4.Citibank, N.A. &,5.Standard Chartered Bank,
This case was decided on 07/07/2008 against the Banks charging high interest on credit card delayed payments. However the operation of the judgment was subsequently stayed by the Supreme Court.
I would like to know the outcome of the decision of the Supreme Court or if the matter is still pending the case No and present position in the Supreme Court.
