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narendra.s.p (Chief Manager(Law))     18 July 2011

Interst rate on credit card delayed payment

A landmark judgment was delivered by the


Complaint Case No. 51 of 2007 filed by “Awaz”,Punita Society,Ambawadi,  “Jagrut Nagrik” & Pradeep Kumar Thakur             Against 1.Reserve Bank of India,2.Hong Kong and Shanghai Bank 3.American Bank  4.Citibank, N.A. &,5.Standard Chartered Bank, Judgment attached.


However the operation of the judgment was subsequently stayed by the Supreme Court.


I would like to know the outcome of the decision of the Supreme Court or if the matter is still pending the case No and present position in the Supreme Court.


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