Consumer u/s 2(1)(d) covers only services availed exclusively for the purposes of earning the livelihood by means of self-employment

Shrikant G. Mantri Vs Punjab National Bank (Supreme Court of India) Facts- The appellant, a stock-broker by profession, had opened an account with erstwhile Nedungadi Bank Limited. The appellant had applied for an overdraft facility on 25th April, 1998, in connection with his day ­to­day share and stock transactions. It is not in dispute that the said overdraft facility was sanctioned by the Bank to the appellant initially for an amount of Rs.1 crore, for which the appellant had pledged certain shares worth more than Rs.1 crore, as security as per the margin requirements specified by the Ba...