Supreme Court clarifies bank’s right to deduct processing fees: Bank of India vs. Brindavan Agro Industries (28 February 2020)

/ Bank Charges, Banking Law, Consumer Protection Act, 1986, D.Y. Chandrachud, Hemant Gupta, Judges, Loan Processing Fees, Section 17, Consumer Protection Act, 1986

Supreme Court on Bank Charges: Bank of India vs. Brindavan Agro Industries (2020) Date of the Judgment: 28 February 2020 Citation: Civil Appeal No. 1720 of 2020 (Arising out of SLP (Civil) No. 2007 of 2019) Judges: D.Y. Chandrachud, J. and Hemant Gupta, J. Can a bank deduct processing fees before a loan is sanctioned? […]

Supreme Court clarifies bank’s right to deduct processing fees: Bank of India vs. Brindavan Agro Industries (28 February 2020) Read Post »