SC sets aside the 2008 NCDRC judgment capping interest on credit card dues at 30 pc
The 2008 NCDRC judgment was set aside by a bench of Justice Belas M Trivedi and Justice Satish Chandra Sharma. The copy of the judgment is awaited.
The Supreme Court on Tuesday reserved its order in the matter related to the constitutional validity of reservations for the Economically Weaker Section (EWS) in higher education and public employment on the basis of financial conditions.
The constitution bench comprising Chief Justice UU Lalit, Justice Dinesh Maheshwari, Justice S Ravindra Bhat, Justice Bela M Trivedi and Justice JB Pardiwala, reserved the order after all parties concluded their arguments. The Constitution Bench was dealing with issues relating to the Constitutional validity of reservations on the basis of economic conditions. The court began hearing the matter on September 13 and the hearing was on for seven days.
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The petitioners had submitted before the Supreme Court that providing reservation on the basis of economic criteria, excluding Scheduled Caste (SC), Scheduled Tribes (ST) and Other Backward Class (OBC), Non-Creamy Layer, breached the equality code.
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The Centre had earlier submitted before the Supreme Court that EWS reservation does not violate the basic structure. Attorney General for India KK Venugopal submitted before the Supreme Court that economically weaker sections (EWS) reservation does not violate the basic structure doctrine.
He further argued that nothing had been altered for SC-ST, and OBC, but qualitatively the purpose of the EWS quota was not to touch the 50 per cent reservation. This 10 per cent is in a different compartment, he submitted.
The AG was defending the constitution’s 103rd amendment that provided for the EWS reservation before a constitutional bench of the supreme court.
Attorney General For India KK Venugopal has also submitted that the amendment was affirmative action for the society’s weaker sections. EWS reservation does not erode rights given to SC, ST and OBC, he said.
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