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PIL in Madras High Court seeks ban on money lending apps sans RBI permit


PIL in Madras High Court seeks ban on money lending apps sans RBI permit
The Public Interest Litigation(PIL) filed by lawyer S. Muthu Kumar highlighted the manner in which people were falling prey to online loan apps.
Mobile lending apps are running without RBI permission. (Image for representative purpose)
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Updated: Jan 7, 2021, 04:18 PM IST
The Madurai bench of the Madras High Court has ordered notice to the Central, State Governments, Google, RBI among other institutions regarding the spate in cases of Online money lending at high interest rates via mobile apps. Bench of Justices MM Sundaresh and S Anandi had remarked that foreign money circulating without RBI permission, the methods of recovering the loans represented a sorry state of affairs. ....

Tamil Nadu , Ss Muthu Kumar , Madras High Court , Google Play , State Governments , Public Interest Litigation , Reserve Bank , Google Play Store , தமிழ் நாடு , கள் முத்து குமார் , மெட்ராஸ் உயர் நீதிமன்றம் , கூகிள் விளையாடு , நிலை அரசாங்கங்கள் , பொது ஆர்வம் வழக்கு , இருப்பு வங்கி , கூகிள் விளையாடு கடை ,

Online money lending: PIL seeks Madras High Court order to restrain Google from hosting Instant Money lending Apps


Highlights
The PIL sought the intervention of the government authorities to ban instant loan apps available in the Google play store and other websites
It also pointed out that a special team must be forced to investigate the shell companies providing digital money lending
The case is expected to be taken up for hearing on February 3, 2021
Chennai: A Public Interest Litigation (PIL) filed in the Madurai bench of the Madras High Court has sought notice being issued to the Centre, state governments, Google, RBI among other institutions regarding the spate in cases of Online money-lending at high-interest rates via mobile apps.  ....

Tamil Nadu , Ss Muthu Kumar , Madras High Court , Google Play , Public Interest Litigation , Reserve Bank , Google Play Store , தமிழ் நாடு , கள் முத்து குமார் , மெட்ராஸ் உயர் நீதிமன்றம் , கூகிள் விளையாடு , பொது ஆர்வம் வழக்கு , இருப்பு வங்கி , கூகிள் விளையாடு கடை ,