Supreme Court Upholds Loan Agreement Terms: Rajesh Monga vs. HDFC (2024)

/ Binding Nature of Contracts, Consumer Protection Act, 2019, Consumer Protection Law, Contract Law, Contract Law with Clause 2.2(a), Interpretation of Contracts, Unfair Trade Practices

Supreme Court Upholds Loan Agreement Terms: Rajesh Monga vs. HDFC (2024) LEGAL ISSUE: Whether a lender can alter interest rates based on its own prime lending rate, despite initial assurances linking it to the Reserve Bank of India’s (RBI) rate. CASE TYPE: Consumer Case Name: Rajesh Monga vs. Housing Development Finance Corporation Limited & Ors. […]

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