New Delhi, Jan. 7 -- The Delhi High Court on Wednesday issued notice on a Public Interest Litigation (PIL) seeking coercive action against Regulated Entities (REs), Non-Banking Financial Companies (NBFCs) and Lending Service Providers (LSPs operating digital lending applications), allegedly found to be in breach of the Reserve Bank of India's Digital Lending Guidelines.
A Division Bench comprising Chief Justice D.K. Upadhyaya and Justice Tejas Karia sought responses from the Union Government, the RBI, Google LLC and Apple India Private Limited on the issues raised in the petition.
The PIL raises serious concerns regarding alleged violations of borrowers' fundamental right to privacy and to data protection by several NBFC-backed Digital ...
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