Foreign Banks

SI No.

Enquiry No.

Title of Enquiry

Details of the case

1.

UTPE * No.25/97

DG (I&R)**

Vs.

Citi Bank & Others

The Commission received complaint filed by Shri M.D. Rajput against Citi Bank under section 36A alleging that the Car Loan Agreement of the Respondent Bank contains restrictive and unfair clauses.  The matter was referred to DG (I&R) for investigation.  The DG (I&R) filed preliminary investigation report stating that the respondent bank is following restrictive trade practices within the meaning of Section 2(o)(ii) of the Act.  The matter is listed for final argument on 26.02.2007.

2.

UTPE No.205/98

Shri Rakesh Vaid, Faridabad.

Vs.

Bank of America & Another

This is a complaint filed by Shri Rakesh Vaid against Bank of America & Another under section 36B(a) of the MRTP Act***, 1969.  It is alleged that the respondent bank confiscated the car of the complainant, purchased by availing loan from the respondent bank, on failing to pay some of the instalments.  The matter is listed for final arguments on 16.1.2007.

3.

UTPE No. 106/2002

Shri Jainender Kumar Jain, Ghaziabad, UP

Vs.

Standard Chartered Bank, New Delhi

This is a complaint filed by Shri Jainender Kumar Jain against Standard Chartered Bank under section 36A of the MRTP Act, 1969.  It is alleged that the respondent bank confiscated the car of the complainant, purchased by availing loan from the respondent bank, on failing to pay some of the instalments.  The matter is listed for framing of issues on 9.3.2007.

4.

UTPE No.14/2003

Shri Ravi Luthra, New Delhi

Vs.

Citi Bank, NA, New Delhi – R-1 Shelters, New Delhi – R-2.

This is a complaint filed by Shri Ravi Luthra against Citi Bank NA & Shelters, agent of Citi Bank NA, under section 36B(a) of the MRTP Act, 1969.  It is stated that the respondent bank has not sanctioned the promised loan for purchasing residential plot.  It is alleged that the respondent No.2 (Shelters) had collected fee towards processing of the loan, which was agreed to be refunded to the complainant if loan is not granted by respondent No.1.  The matter is listed for cross-examination of the complaint’s witness on 5.2.2007.

5.

UTPE 25/2004

Shri Raghav Lal Lucknow, UP

Vs.

Standard Chartered Bank (ANZ Grindlays Bank)

This is a complaint filed by Shri Raghav Lal against Standard Chartered Bank (ANZ Grindlays Bank).  It is regarding alleged breach of conditions notified at the time of issuance of credit card.  The matter is listed on 28.2.2007 for cross-examination of respondent witness.

6.

UTPE 53/2004

Shri Ravi Chand

Vs.

Standard Chartered Bank

This is a complaint by Shri Ravi Chand against Standard Chartered Bank under section 36A of the MRTP Act.  It is alleged that the bank made false promises regarding sanctioning of car loan.  The matter is listed on 17.1.2007 for consideration of issuance of Notice of Enquiry.

7.

RTPE **** No. 5/2006

Shri Ashok Vaid, Delhi

Vs.

ABN Amro Bank, New Delhi

This is a complaint filed by Shri Ashok Vaid against ABN Amro Bank, New Delhi alleging that the standard loan agreement of the bank contains restrictive clauses within the meaning of sections 33 (1) (a), (b), (c), (j) and 2(o) of the MRTP Act.  It is further alleged that bank is resorting to unfair and restrictive trade practices.  The matter is listed on 8.12.2006 for further consideration.

8.

UTPE 74/2006

Shri Shalabh Khanna, Delhi

Vs.

Citi Bank, Chennai

This is a complaint by Shri Shalabh Khanna against Citi Bank under section 36B(a).  It is alleged that the respondent has resorted to unfair trade practice by illegally debiting the amount from his account.  The matter is listed on 5.1.2007 for further consideration.