The CIBIL is certainly being used as an arm twisting exercise. It is known that one law or rule may be passed for consumer and the companies get busy to find out the tactics to circumvent. Which other business fetches 3.75%/pm on daily compounding basis+ penalties+ GST
This may prove to be a land mark judgment providing relief to hapless customers. Courts have delivered path breaking judgments loaded with common sense.
The customer can ask the issuing company to supply by registered post/speed post. the credit report by apying a sum of Rs.50/. The report shall state the name of the company reporting the customer to CIBIL.The same report from CIBIL shall cost >4 times.