CONSUMER PROTECTION BILL 2015 - NOTION OF LIABILITY RE-DEFINED?
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Abstract
Liberalized economic progress across the globe has set the Consumers' Sovereignty as a standard and the recent move to place the Consumer Protection Bill 2015 in Indian Parliament is nothing but the cohesive approach towards the globalization and the incorporation of more democratized norms to promote: a) an efficient market economy; and b) the consumers' sovereignty. With the introduction of Consumer Protection Bill 2015 which seeks to replace the old Consumer Protection Act 1986, we are witnessing a paradigm shift in our Consumer Protection Laws. This article is an attempt to give a brief overview of the key changes that have been introduced in the bill with a specific focus on the notion of liability. The main endeavour of author(s) is to point out the lacunas in the present bill along with few suggestions and see how the present bill if results into an Act will affect the realm of Liability Standards within the ambit of 'Consumer Protection Act in India'.
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