PUNJAB UNIVERSITY vs UNIT TRUST OF INDIA . — C.A. No. 400/2007

Summary: Punjab University v. Unit Trust of India The Supreme Court dismissed Punjab University's appeal against the National Consumer Disputes Redressal Commission. While upholding that universities qualify as "consumers" under the Consumer Protection Act (1986) since their investments served employee welfare rather than commercial profit-making, the Court found no deficiency in UTI's services. The scheme's terms clearly specified maturity amounts would depend on NAV (subject to market risks) and guarantee only that units wouldn't be repurchased below par value. The Court held that investors cannot sue service providers merely because returns fell below expectations. This case analysis is maintained by casestatus.in based on publicly available court records.