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Supreme Court Affirms NBFC Policy: Loan Receiver Can't Object to Interest Rate After Repaying Amount

05 Mar 2024 2 min read

Supreme Court Affirms NBFC Policy: Loan Receiver Can't Object to Interest Rate After Repaying Amount

New Delhi, March 4, 2024: In a significant ruling, the Supreme Court of India has upheld the National Consumer Disputes Redressal Commission (NCDRC) order dated 10.11.2022, dismissing Consumer Complaint No. 2367 of 2018. The case, titled "Rajesh Monga vs. Housing Development Finance Corporation Limited & Ors.," revolves around a housing loan dispute. Key Highlights: 1. Background: - Rajesh Monga, the appellant, approached the Supreme Court aggrieved by the NCDRC's order…

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