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Tag Archive for "contracts-of-adhesion" -

CentrikBlogsContracts of Adhesion

Tag: Contracts of Adhesion

Whether Agreements/Contracts by Banks are consistent with Articles 14, 19 and 21 of the Constitution!

Posted by AdminPosted on September 22, 2022September 30, 20220 CommentsCategories Authentic Legal Advice, Corporate Litigation-All In Way, Legal Advisory, Registration And Compliance, RERA ConsultingTags article 14 of indian constitution, article 21 of indian constitution, Banking regulation act, Contracts by Banks, Contracts of Adhesion, Levison and Anr. v. Steam Carpet Co. Ltd, LIC of India vs Consumer Education & Research Centre

In Banking Industry, the Borrower is not in a position to negotiate the Terms of the Loan Agreement, especially in cases of Home Loans, hence there is inequality of Bargaining power among Home Buyers.

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