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Investor trading in shares is not a consumer: Forum

Last Updated: Friday, January 11, 2013, 13:44

Dismissing a complaint by an investor using the services of a share broking company, the Thane District Consumer Disputes Redressal Forum has held that an investor cannot be treated as a consumer as he is indulging in trading for commercial purposes.

LIC pulled up for returning premium 3 yrs after receiving it

Last Updated: Friday, December 14, 2012, 17:37

The LIC of India has been pulled up by the apex consumer commission for its failure to issue the policy to a woman in her life time despite receiving the premium from her and retaining it for nearly three years.

LIC pulled up for returning premium 3 yrs after receiving it

Last Updated: Friday, December 14, 2012, 17:37

The LIC of India has been pulled up by the apex consumer commission for its failure to issue the policy to a woman in her life time despite receiving the premium from her and retaining it for nearly three years.

ICICI Bank to pay Rs 50,000 for unfair trade practice

Last Updated: Thursday, December 06, 2012, 18:46

The ICICI Bank has been ordered by a consumer forum here to pay Rs 50,000 to one of its account holders for recovering purported credit card dues from his savings account more than three years after issuing him a no dues certificate.

LIC rich by denying claims on flimsy ground: Consumer Forum

Last Updated: Sunday, December 02, 2012, 11:27

The Life Insurance Corporation of India has become the "richest" organisation in the country by rejecting rightful claims of insured under mediclaim policies on "flimsy" grounds, the Delhi State Consumer Commission has said.

Tata Motor Fin to pay Rs 2.5L to customer for taking away vehicle

Last Updated: Monday, August 13, 2012, 16:08

The New Delhi District Consumer Disputes Redressal Forum also observed that the Tata Motor Finance in its reply has not shown that it gave the complainant Ranjan Suri, a resident of Pahrganj here, a notice before repossessing the vehicle.

Syrian Arab Airlines to pay Rs 15K to woman for damage to bag

Last Updated: Sunday, July 22, 2012, 09:10

The New Delhi District Consumer Disputes Redressal Forum asked the airlines to pay damages to Pitampura resident Suraj Sharma after holding it responsible for the loss suffered by the woman.

LIC to pay Rs 4L for rejecting claim on "fanciful ground"

Last Updated: Tuesday, July 17, 2012, 15:00

The LIC has been directed by a consumer forum here to pay Rs four lakh to the widow of a life insurance policy holder for rejecting her claim on husband's death on a "fanciful ground".

`Claim investigator can`t declare driving license to be fake`

Last Updated: Wednesday, June 20, 2012, 15:08

An insurance claim investigator cannot declare unilaterally a driving licence to be fake without any corroborating report from the transport authority, a Delhi district consumer forum has said.

National Insurance to pay Rs 25K for failure to process claim

Last Updated: Monday, June 18, 2012, 15:19

Pointing out to the insurance firm that it should have been "more sympathetic or sensitive," the New Delhi District Consumer Disputes Redressal Forum also directed it to process the claim within three months.

Rule to bring telecom disputes under consumer act this fiscal

Last Updated: Sunday, June 17, 2012, 11:26

The government is considering to change existing law in this fiscal to enable telecom users approach consumer forum for the redressal of their disputes.

AMR Infra to pay Rs 12.97 L for denying booking amount refund

Last Updated: Sunday, June 10, 2012, 10:14

The district consumer disputes redressal forum observed the firm should have refunded the amount deposited by the woman when she demanded it, after making applicable deductions as per the terms and conditions.