NCDRC refuses compensation to couple for stolen luggage

Posted On & filed under Consumer Law News, Top Law News.

The apex consumer commission has set aside lower fora orders asking Railways to pay Rs 5 lakh as compensation to a couple for their stolen baggage, saying they failed to raise an alarm after the alleged theft. The National Consumer Disputes Redressal Commission (NCDRC) also said that the decision of the foras awarding the compensation… Read more »

Bihar-based university asked to pay for cancelling MBA course

Posted On & filed under Consumer Law News, Top Law News.

The apex consumer commission has held a university in Bihar guilty of making an applicant suffer by “unauthorisedly” initiating an MBA course and then cancelling it. The National Consumer Disputes Redressal Commission (NCDRC), however, reduced the amount of Rs 4.5 lakh awarded to the man as compensation for loss of career opportunity by a district… Read more »

Unitech to refund Rs 3.33 crore to homebuyer

Posted On & filed under Consumer Law News, Top Law News.

The apex consumer commission has directed real-estate major Unitech Hi-Tech Developers Ltd to pay over Rs three crore to a couple for failing to give them possession of an apartment booked under one of its housing projects at Noida in 2010. The National Consumer Disputes Redressal Commission (NCDRC) asked the firm to refund the payment… Read more »

Brookline man gets 20 months in jail for insider trading

Posted On & filed under Consumer Law News, Top Law News.

A Brookline man will spend 20 months in prison for giving friends illegal insider trading tips that netted them $1 million in illegal profits, federal prosecutors said. Amit Kanodia, 49, of Brookline, was also given two years supervised release, 100 hours of community service, a fine of $200,000 and forfeiture of $242,500, which represented his… Read more »