Telangana High Court directs the State govt to nab the guilty running online loan apps

A two-judge panel of the Telangana High Court, comprising Chief Justice Hima Kohli and Justice B Vijaysen Reddy, directed the State government to take immediate steps to nab the guilty running online loan apps and block such apps. The court also directed the state to file an action taken report in this regard. 

The panel was dealing with a public interest litigation filed by Kalyan Dileep Sunkara seeking a direction to ban all the illegal instant loan apps available on Google Play Store and various web mediums. He stated that



these apps were are giving illegal loans and charging 150-450% rate of interest on a weekly and fortnightly basis. 

He further stated that they were working hand in hand as a chain instant loan lending groups and harassing people by accessing their mobile phone galleries without following end-to-end encryption rules. They were intimidating borrowers by blackmailing them with personal photos and contact list, and also driving them to suicide. The court posted the case after four 4 weeks.