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SC: Borrowers taking loans for profit not protected under consumer law

IndiaTimes Saturday, 1 March 2025 ()
The Supreme Court ruled that borrowers are not 'consumers' under the Consumer Protection Act if the loan is for profit-making purposes. This decision overturned an NCDRC order which had directed the Central Bank of India to compensate Ad Bureau Advertising Pvt Ltd for alleged incorrect reporting to CIBIL.
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