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Complaint Case No. 421/2011. Case: Winner Construction Pvt. Ltd. Vs ICICI Bank Ltd.. Delhi State Consumer Disputes Redressal Commission

Judgment Cited in Precedent Map Related
Case NumberComplaint Case No. 421/2011
JudgesN.P. Kaushik, Member (J)
IssueCode of Civil Procedure, 1908 (CPC) - Order VII Rule 11; Consumer Protection Act, 1986 - Section 2(1)(d)
Judgement DateFriday March 31, 2017
CourtDelhi State Consumer Disputes Redressal Commission

Judgment:

N.P. Kaushik, Member (J)

  1. Facts in brief of the complaint are that the complainant is a company engaged in the business of construction. Somewhere in November 2009, ICICI Bank Ltd. (in short the OP) approached the complainant with an offer of opening credit limits. Complainant submitted that till then he had been enjoying credit facility with HDFC Bank where the limits granted to him were to the tune of Rs. 25 Crores and a cash credit facility of Rs. 3 Crores. The offer made to the complainant by the OP was to switch over the bank accounts to the OP from HDFC Bank and sanction a cash credit facility of Rs. 6 Crores with a bank guarantee limit of Rs. 33 Crores. Formalities required in his behalf were accordingly completed by 31.12.2009. A current account of the complainant was opened by the OP in the first week of March 2010.

  2. Grievance of the complainant is that he received a cheque dated 09.02.2010 for an amount of Rs. 74,50,301/- from one of his clients. Complainant deposited said cheque in his accounts opened with the OP. On 09.02.2010, an officer of the OP named Ms. Smriti asked the complainant for a stock statement, insurance and a letter from HDFC Bank stating...

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