Borrower cannot Enforce Consumer Rights Without Privity of Contract: Supreme Court Grants Relief to Citicorp Finance (India) Limited [Read Order]

The Consumer convolution arose following a tripartite agreement involving Citicorp, the Borrower and a Bank that provided Housing Loan to the Borrower

The Supreme Court of India recently ruled in favor of Citicorp Finance (India) Limited, holding that a borrower cannot claim consumer protection rights without privity of contract with the lender. The dispute arose from a property transaction dating back to 2008, involving a flat in Navi Mumbai owned by Snehasis Nanda. At the time, the…

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