scorecardresearch
Tuesday, April 16, 2024
Support Our Journalism
HomeIndiaGovernanceSupreme Court refuses to hear a plea seeking instant refund after failed financial...

Supreme Court refuses to hear a plea seeking instant refund after failed financial transaction

Follow Us :
Text Size:

A two-judge bench led by Chief Justice Ranjan Gogoi, however, offered the petitioner an option to file a representation before the Reserve Bank of India.

New Delhi: The Supreme Court Friday refused to entertain a plea seeking forthwith refund of money into the account of a person after a failed financial or banking transaction.

A bench comprising Chief Justice Ranjan Gogoi and Justice Sanjiv Khanna, however, asked lawyer G S Mani, who had filed the PIL in his personal capacity, to give a representation to the Reserve Bank of India (RBI).

The lawyer said that if a person, by using the debit or credit card, enters into a failed financial transaction, then it takes a lot of time in getting the refund or reimbursement.

He said that a direction be issued to the RBI to ensure that banking customers get immediate refund after failed transactions.

“Heard the petitioner who is appearing in-person and perused the relevant material. The Article 32 petition is not entertained for the present and is, accordingly, dismissed.

“However, the petitioner has option of filing a representation before the Central Bank that is Reserve Bank of India and if measures’ are not taken within a period of three months, the petitioner will be at liberty to raise the issue again before the appropriate forum,” the bench said. –PTI


Also read: Facebook & Google are in a frenzy chasing India’s $1 trillion online payment market


 

Subscribe to our channels on YouTube, Telegram & WhatsApp

Support Our Journalism

India needs fair, non-hyphenated and questioning journalism, packed with on-ground reporting. ThePrint – with exceptional reporters, columnists and editors – is doing just that.

Sustaining this needs support from wonderful readers like you.

Whether you live in India or overseas, you can take a paid subscription by clicking here.

Support Our Journalism

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular