(306) M/S MATRIX. THROUGH ITS PROPRIETOR, MR. RAJIV SAWHNEY Vs. AXIS BANK[NATIONAL CONSUMER DISPUTES REDRESSAL COMMISSION] 20-05-2024
Consumer Law — Banking — The complainant, M/S MATRIX, faced a reduction in credit limit by Axis Bank from Rs. 2,30,00,000 to Rs. 1,50,00,000 in 2014, leading to alleged losses and unfair trade practices — The main issue is whether the bank's actions constituted a deficiency in service and unfair trade practices, and if the complaint is maintainable under the Consumer Protection Act, 2019 — M/S MATRIX argues there was no default on their part, and the bank's actions, including arbitrary deduction
India Law Library Docid # 2415376