Bank notice

๐™น๐šž๐šœ๐š ๐š˜๐š—๐šŽ ๐šœ๐š’๐š–๐š™๐š•๐šŽ ๐šš๐šž๐šŽ๐šœ๐š๐š’๐š˜๐š—: ๐š’๐šœ ๐š’๐š ๐š•๐šŽ๐š๐šŠ๐š• ๐š๐š˜ ๐š™๐š›๐š’๐š—๐š ๐šœ๐š˜๐š–๐šŽ๐š๐š‘๐š’๐š—๐š ๐š˜๐š— a bank ๐š—๐š˜๐š๐š’๐šŒ๐šŽ ๐šŽ๐š—๐šŸ๐šŽ๐š•๐š˜๐š™ ๐š๐š‘๐šŠ๐š ๐šŒ๐šŠ๐š— ๐š‹๐šŽ ๐šŠ ๐šœ๐šŽ๐š›๐š’๐š˜๐šž๐šœ ๐š๐š‘๐š›๐šŽ๐šŠ๐š ๐š๐š˜ ๐š๐š‘๐šŽ ๐š›๐šŽ๐šœ๐š™๐šŽ๐šŒ๐š ๐šŠ๐š—๐š ๐šŽ๐š—๐š๐šŠ๐š—๐š๐šŽ๐š› ๐š‘๐š˜๐š—๐š˜๐šž๐š› ๐š˜๐š ๐š๐š‘๐šŽ ๐šŒ๐š•๐š’๐šŽ๐š—๐š,. Like under name and address printing main context as subject e.g.,"Demand for overdue payment credit card *****". This is intentially done to harness client for payment. Kindly guide what clause of the law here is violated.

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Advocate By LEAD INDIA Answered: 26 Jul 2023

According to consumer protection act under section 15HA. Penalty for fraudulent and unfair trade practices. If any person indulges in fraudulent and unfair trade practices relating to securities, he shall be liable to a penalty which shall not be less than five lakh rupees but which may extend to twenty-five crore rupees or three times the amount of profits made out of such practices, whichever is higher.

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