Investment for profit/gain outside the purview of Consumer Protection Act, 1986: SC

The Supreme Court (SC) in an appeal against the order of the National Consumer Disputes Redressal Commission (NCDRC) while dealing with the issue of whether investment made for profit or gain is susceptible to the jurisdiction of the Consumer Disputes Redressal Fora, has held that commercial disputes of this nature can appropriately be decided by the civil court & not in a summary proceeding under the Consumer Protection Act, 1986. The SC, while allowing the appeal, noted that the respondent had invested in appellant’s firm which is an investment for profit/gain – a commercial transaction.