Intermediaries Responsible For Fund Transfer Issues, Bangalore Commission Orders Phonepe To Refund Amount, Pay Rs.6k Compensation And Rs. 5k Litigation Cost
1 year, 6 months ago

Intermediaries Responsible For Fund Transfer Issues, Bangalore Commission Orders Phonepe To Refund Amount, Pay Rs.6k Compensation And Rs. 5k Litigation Cost

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Recently, the Additional Bangalore Urban District Consumer Disputes Redressal Commission bench comprising of Shivarama. These circumstances subjected Vinaya and Unnikrishna to mental and financial hardships, leaving them with no choice but to approach the Additional Bangalore District Consumer Disputes Redressal Commission for a resolution. Observations by the Commission: The District Commission held that PhonePe being third-party application provider, authorized by the National Payments Corporation of India should be held accountable for alleged transaction of Rs.10,000. Consequently, the District Commission held PhonePe liable for both the deficiency of service, as defined under Section 2 of the Consumer Protection Act, 1986, and unfair trade practices, as defined under Section 2 of the same Act. Further, it noted that PhonePe’s failure to refund the claimed amount of Rs.10,000 to either Vinaya or Unnikrishna, despite numerous requests, constitutes a clear deficiency in service and an unfair trade practice.

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