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Legal & Regulatory Aspects of Banking

Unit – 37 : Consumer Disputes Redressal Agencies

 

District

State

National

Established by

State Govt

State Govt

Central Govt

President
(Qualified to be)

District Judge

High Court

Supreme Court

Other Members
(One Woman)

2

2

2

Member
Qualification

35 years of age
Bachelor’s Degree

 

 

Term

For a term of 5 years or up to the age of 65 years

For a term of 5 years or up to the age of 67
years

For a term of 5 years or up to the age of 70 years

Jurisdiction

Does not exceed Rs. 20 Lakhs.

Rs.20 Lakhs - Rs.1 Crore
Appeal against the order of District Forum

Exceeds Rs. 1 Crore Appeal against the order of the
State Commission

Admissibility

within 21 days from the date of receipt

Once the complaint
admitted to District forum, cannot be transferred to any other court or tribunal

 

 

Appeal
(50% amount or
whichever is less)

Appeal to state commission: Payment of amount : 20,000

Appeal to National
Commission :
Payment of amount:
Rs. 35,0000

Appeal to Supreme Court : Payment : Rs. 50,000

Dismissal of Frivolous
complaints

If the district forum, state commission, national commission finds that
complaint instituted before it is frivolous, it shall dismiss the complaint. And order the complainant to pay Rs. 10,000

Penalties

Where trader or a person against the whom the complaint is made fails or omits to comply with any order made by the commissions, he shall be punishable with imprisonment for a term 1 month to 3 years or with fine Rs. 10,000 or with both

 

 

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