Contract Terms Agreed Between Banks and Credit Cardholders cannot be Rewritten by NCDRC: Supreme Court

The Supreme Court ruled that the terms agreed upon between banks and credit cardholders cannot be rewritten by the National Consumer Disputes Redressal Commission (NCDRC). The case involved a dispute regarding the enforcement of contractual terms in credit card agreements. The Court emphasized that once the parties have agreed to the terms of a contract, they are binding, and the NCDRC cannot alter these terms. This ruling strengthens the principle of contractual freedom and affirms that consumer forums cannot modify agreements between parties once mutually accepted.