UNIT TRUST OF INDIA . vs PUNJAB UNIVERSITY — C.A. No. 503/2008

The Supreme Court upheld that Punjab University qualifies as a "consumer" under the Consumer Protection Act despite investing in UTI's Institutional Investors Special Fund Unit Scheme for employee benefits, as the investment was for benevolent purposes without profit motive. However, the Court dismissed the University's complaint on merits, holding that UTI properly followed scheme terms by reinvesting dividends at prevailing NAV and repurchasing parent units at par value as guaranteed, with no deficiency in services proven. This case analysis is maintained by casestatus.in based on publicly available court records.