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SUMMARY
MoS corporate affairs Harsh Malhotra said that action was taken under section 69A of the Information Technology Act, 2000
Malhotra further added that probes are carried out “from time to time” under the Companies Act against firms involved in online lending, and appropriate action is taken against errants
Last year, the Centre was probing various illegal Chinese lending apps over allegations like charging exorbitant interest rates, unfair business conduct, and unethical recovery…
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