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Supreme Court of India

Shrikant G. Mantri v. Punjab National Bank

Neutral citation
Bench L. Nageswara Rao and B.R. Gavai JJ.
Decided 22 February 2022

INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.

5 Supreme Court benches have cited this judgment.

From the headnote

Consumer Protection Act, 1986: ss. 2(1)(d), 2(1)(d)(i), 2(1)(d)(ii) – Appellant was a stock-broker by profession – He was also acting as stock broker for respondent bank – Appellant took overdraft facility from respondent-bank and also sought enhancement of the same from time to time in furtherance of his business as stock broker and for enhancing profit – Whether the appellant had availed the services of the respondent for ‘commercial purpose’ and therefore he was not a consumer as envisaged under s.2(1)(d) of the Act – Held: Ordinarily, “commercial purpose” is understood to include…

Authorities it was built on

Where later benches applied it

Of those, 3 referred to · 2 mentioned

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