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Business law encompasses all of the laws that dictate how to form and run a business. This includes all of the laws that govern how to start, buy, manage and close or sell any type of business. Business laws establish the rules that all businesses should follow.
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From Business Law
Dishonour means the instrument is not accepted (when acceptance is required) or not paid when due.
Consumer redressal machinery provides a quick and simple way for consumers to resolve disputes relating to defective goods, deficiency in services and unfair trade practices.
Reliefs/remedies that may be ordered include: repair or replacement of goods, refund, compensation for loss or injury, removal of defects/deficiency, and discontinuation of unfair trade practices.
Thus, the three-tier structure ensures access to justice and an appeal mechanism for consumer disputes.