India, Jan. 7 -- The Delhi high court on Wednesday asked the Centre and the Reserve Bank of India to file their responses to a petition seeking suspension of the licences of several non-banking financial company (NBFC) digital lending applications (DLAs), such as Slice, Branch, Home Credit and Simpl, for allegedly accessing borrowers' data illegally without consent.
Hearing a petition filed by Himakshi Bhargava, a bench of chief justice D K Upadhyay and justice Tejas Karia said the matter raised serious concern and fixed it for further hearing on April 1.
In her petition, filed through advocate Kunal Madan, Bhargava, a 22-year-old political science (honours) student, alleged that several digital lending apps, despite the RBI's Digital L...
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