From:
The CMD,
Alliedlaw
INDIA

REF: CIBIL its authenticity / PIL under RTI on abolition of CIBIL

Friends and Fellow Consumers:

The last week saw a series of bank and CIBIL sponsered ads against our MD : B.N.Soans

The sponsers and writers of such ads are only bankers and not any consumer.


Principal Reason: ABOLITION OF CIBIL IN INDIA - IS ON THE CARDS

The banks its directors at high places - about 6 nationalised banks / 5 private banks were called by the SupremeCourt to attend SBMITT and explain their share or contribution in encouraging private website owner CIBIL.
Cibil which is a subsidiary of CIBIL TRANSUNION - in USA has a business which works contrary to banking laws of India.
They display data at their website of anybody and everybody whoever their member banks state they are defaulters.
For instance : I as an individual has been classified defaulter at CIBIL by banks - to get my own data iI need to apply to CIBIL for getting my own document.
To get cibil I have to write to

infocibil.com and pay Rs.142 for mini data and for full data send Rs.400 and collect data
To get details of myself I pay up upto Rs.400 which makes no logic to me.

Here are the facts:

According to RTI Activists like us : CIBIL is a private website owner. They display data online without knowledge and consent of indian consumer .
we also have a letter from RBI Clearly stating that CIBIL has nothing to do with RBI

Rules /Notifications:

RBI Clearly states if any bank has to display any detail of individual - banks should inform the matter to consumer by registered post and sort the differances between bank and consumer. A copy has also to be sent to CIBIL.

In the event consumer
doesnt respond then there is COURT OF LAW : which bank has to approach
to prove whether the person who borrowed money is a defaulter or not.
Also most important : as per INDIAN LAW - one is not guilty unless proven guilty. Thus one isnt a defaulter unless proven defaulter.
only if the COURT states that a borrower is defaulter - only banks can use services of private website CIBIL or for that instance any licensed credit worthiness displaying data online.
CIBIL is a rogue company and now CIBIL and all other creditworthiness companies will be abolished from india.
its just a matter of time.

For filing a joint RTI Petition ON Abolition of all creditworthiness declaring private website owners write to:
alliedlawmumbai@yahoo.in


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