Case Law Analysis
|Supreme Court of India
Corporate Fixed Deposits Not Commercial Use | Section 2(1)(d) CPA 1986 Protects Entities Earning Interest on Surplus Funds : SC
The Supreme Court clarifies that a corporate entity depositing surplus funds in a bank for interest does not lose its status as a consumer under the Consumer Protection Act, 1986. This ruling shields businesses from being excluded from consumer forums merely for earning passive income, and affirms that fraud in banking transactions must be pursued in civil or criminal courts - not consumer tribunals.