India

SC dismisses plea seeking immediate refund after failed transaction

PTI

The Supreme Court on Friday refused to entertain a plea seeking forthwith refund of money into the account of a person after a failed financial or banking transaction.

A Bench comprising Chief Justice Ranjan Gogoi and Justice Sanjiv Khanna, however, asked lawyer GS Mani, who had filed the PIL in his personal capacity, to give a representation to the Reserve Bank of India (RBI).

The lawyer said that if a person, by using the debit or credit card, enters into a failed financial transaction, then it takes a lot of time in getting the refund or reimbursement.

He said that a direction be issued to the Reserve Bank of India (RBI) to ensure that banking customers get immediate refund after failed transactions.

“Heard the petitioner who is appearing in-person and perused the relevant material. The Article 32 petition is not entertained for the present and is, accordingly, dismissed.”