Question

<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> If a petitioner is not satisfied with the verdict given by the State Consumer Dispute Redressal Forum, he/she can move to the National Consumer Disputes Redressal Forum by paying a security deposit equivalent to __________.

• A. 50% of the compensation amount or ₹35,000, whichever is less
• B. 40% of the compensation amount or ₹25,000, whichever is less
• C. 40% of the compensation amount or ₹35,000, whichever is less
• D. 50% of the compensation amount or ₹ 25,000, whichever is less

Answer 1

The correct option is A 50% of the compensation amount or ₹35,000, whichever is less

<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> The National Consumer Disputes Redressal Forum is the highest consumer redressal forum. A petitioner can move to the National Consumer Disputes Redressal Forum when either the amount of compensation is more than ₹1 crore or he/she is not satisfied with the verdict given by the State Consumer Dispute Redressal Forum. In the latter case, he/she must pay 50% of the compensation amount or ₹35,000, whichever is less.