The District Court has banned Ace Marketing Limited from providing credit under consumer credit contracts; and Mr Kumar from providing credit under consumer credit contracts, acting as a director or taking part in the management or control of any business that provides credit under consumer credit contracts, and from being in the employ or acting as an agent of a creditor that allows Mr Kumar to take any part in the negotiation of consumer credit contracts. This ban is effective from 1 November 2022 for a period of 5 years.
PartiesAce Marketing Limited; Mr Sandip Kumar
Category
Consumer, Consumer credit
Sub-category
Act/Section
Credit Contracts and Consumer Finance Act s 108(1)
