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Judgment Search Results Home > Cases Phrase: the usurious loans act 1918 Court: andhra pradesh state consumer disputes redressal commission scdrc hyderabad Page 1 of about 1 results (0.031 seconds)

Jan 29 2013 (TRI)

R.V. Ramgopal Vs. Shriram Transport Finance Company Limited

Court : Andhra Pradesh State Consumer Disputes Redressal Commission SCDRC Hyderabad

..... company and the exemption afforded to banking companies from the provisions contained in usurious loan act, 1918 u/s.21 a of banking regulation act, 1949 is not available to opposite party and the provisions contained in usurious loans act, 1918 mutatis mutandis applies to the finance business of the opposite party and the charging provisions contained in ..... to maintain an independent suit or consumer complaint for claiming the benefit of the provisions contained in the usurious loans act, 1918. the complainant submitted that in order to avoid an enquiry relating to rate of interest under the usurious loans act, 1918, the opposite party would never institute a civil suit but would simply retain the hypothecation illegally and keep ..... permit the opposite party to charge interest excess of the limits prescribed by the provisions contained in the usurious loans act, 1918 and if the opposite partys loan agreement is permitted to prevail it would defeat the provisions contained in the usurious loans act and therefore illegal and void. the complainant further submitted that the opposite party is not a banking ..... innocuous prefixes amounting to a total of around 3% to 4% per month totalling to around 40% per annum was grossly usurious and excessive and therefore violative of provisions contained in the usurious loans act, 1918. the complainant submitted that after having analysed the entire transaction, the contractual interest per-se was superficially described as being 5.70 .....

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Nov 27 2013 (TRI)

M/S. Sreemithra Developers Pvt. Ltd., Rep. by Its Managing Director Vs ...

Court : Andhra Pradesh State Consumer Disputes Redressal Commission SCDRC Hyderabad

..... of any indication, express or implied there is no reason to hold that authorities created by the statute are beyond purview of the act. when banks advance loan or accept deposit or provide facility of locker they undoubtedly render service. a state bank or nationalised bank renders as much service as ..... it is defined as 'capable of coming into being, possibility'. in black's law dictionary it is defined as "existing in possibility but not in act. naturally and probably expected to come into existence at some future time, though not now existing; for example, the future product of grain or trees ..... of the word 'service". the term has variety of meanings. it may mean any benefit or any act resulting in promoting interest or happiness. it may be contractual, professional, public, domestic, legal, statutory etc. the concept of service thus is very wide ..... of the word 'service'? does it extend to deficiency in the building of a house or flat? can a complaint be filed under the act against the statutory authority or a builder or contractor for any deficiency in respect of such property. the answer to all this shall depend on understanding ..... barred by limitation. the appellant submitted that the complainant is not a ??consumer within the meaning of section 2(d)(i)(ii) of c.p.act, 1986 since the transaction is contractual in nature. the appellant submitted that the respondent along with other complainant in cc 102/2011 made application to .....

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Jan 31 2014 (TRI)

Nikode Parvathi @ Mangala and Another Vs. the Asst. Engineer, Apnpdcl ...

Court : Andhra Pradesh State Consumer Disputes Redressal Commission SCDRC Hyderabad

..... the absence of any such evidence notionally his income is taken as rs. 15,000/- p.a. basing on the said second schedule under motor vehicles act. since the diseased was aged 24 years relevant multiplier is 17. one third of the said income of the deceased as to be deducted towards his ..... a consumer in case of this nature will not arise. electricity is one of the services defined u/s sec.2(1)(o) of the c.p.act (o) "service" means service of any description which is made avail able to potential users and includes, but not limited to, the provision of facilities ..... contact with it. consequently the said shankar and his bull died on the spot due to electrocution and it so happened due to careless and negligent acts of the officials of the opposite parties 1 to 3 because they failed to maintain proper service. even though opportunity was given to the opposite parties ..... attains majority. dissatisfied with the quantum of compensation the complainants preferred this appeal and mainly contented that multiplier system provided under second schedule of motor vehicles act is not adopted by the district forum in assessing the loss of earnings of the deceased and that awarding rs. 1,00,000/- lump sum is ..... contact with it. consequently the said shankar and his bull died on the spot due to electrocution and it so happened due to careless and negligent acts of the officials of the opposite parties 1 to 3 because they failed to maintain proper service. the said accident was reported to concerned police and .....

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Sep 21 2011 (TRI)

The Managing Director Madhupala Estates Pvt. Ltd. Vs. D. Vijaya Saradh ...

Court : Andhra Pradesh State Consumer Disputes Redressal Commission SCDRC Hyderabad

..... become a practise for these developers to take whatever pleas they intend to take without recoursing to the facts. 10) the appellant developer now contends that awarding interest @ 18% is usurious and penal. it is too late a day to contend that awarding interest @ 18% p.a., was on higher side and it could have been at 12% p.a. 11 ..... .2001 it never cancelled the said allotment nor cancelled the membership on the ground that it was already sold away. it was not informed to the complainant. it did not act fairly when the complainant had insisted for registration of sale deed under legal notice. it gave reply stating that ?? my client states that your client has paid the sale consideration .....

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