Can't turn blind eye to attempt of neighbouring nation to destabilize India: Karnataka High Court on Chinese mobile loan apps
The Court noted that such apps offer loans and demand repayment at a rate as high as 16-20 times the EMI, and threaten borrowers that they would leak the contents of their smartphones.
The Karnataka High Court recently called for investigations into mobile loan apps run by Chinese companies [M/S Inditrade Fincorp Ltd v. Union of India].