An Initiative of “SuryaShakthi Foundation” an NGO
An NGO registered as a Non-Profit Organisation under Section 8 of the Companies Act, 2013
Cases to be Filed - Next
We have taken a bold step by filing a Public Interest Litigation (PIL) in the Honourable Supreme Court of India to challenge systemic injustices in the financial and banking ecosystem. While specific details remain confidential due to legal constraints, this PIL addresses critical issues affecting borrowers, entrepreneurs, and the broader economy.
Additionally, multiple meticulously researched cases are ready for filing but are stalled due to financial limitations. Despite our commitment to driving legal reforms that protect borrower rights and promote fairness, the high costs of legal action—including filing fees, advocate charges, and administrative expenses—pose a significant barrier.
We are dedicated to ensuring a more transparent, just, and accountable credit system, but without adequate funding, our legal efforts remain hindered.
To push these cases forward, we urgently need financial support. Every contribution strengthens our fight against exploitative practices, restores dignity to borrowers, and challenges entrenched biases that marginalize millions.
The groundwork for these legal battles is already complete, and with the necessary funding, we are ready to take immediate action. We are actively seeking donations and crowdfunding to break this impasse, ensuring these cases reach the highest levels of justice.
Your support is not just an investment in legal reform—it is a stand for fairness, inclusion, and economic equity. Together, we can dismantle systemic barriers and create a financial ecosystem that respects entrepreneurial risk without punishing those who face setbacks.
Legal Action: Fighting for Justice and Systemic Reform
As part of our unwavering commitment to protect citizens from exploitation, harassment, and systemic abuse by the financial ecosystem, our legal team is prepared to file high-impact litigations that challenge draconian laws, institutional overreach, and exploitative practices.
However, these battles are resource-intensive. Several important cases are ready for filing, but are delayed due to lack of funding. Your support can help us take these crucial steps towards long-overdue reform.
Key Cases Awaiting Filing
Challenging the SARFAESI Act & Its Overreach
We are filing a constitutional challenge to the SARFAESI Act, which has become a weapon of intimidation against small borrowers and entrepreneurs. Instead of aiding recovery in a balanced and humane way, it often leads to:
- Public humiliation
- Arbitrary asset seizures
- Violation of the right to livelihood and dignity
This case aims to restore fairness and accountability in recovery procedures and ensure legal safeguards for borrowers.
Misuse of the Outdated CICR Act, 2005
The Credit Information Companies Regulation (CICR) Act, 2005 has failed to evolve with technological and economic developments. Credit bureaus exploit its loopholes, causing:
- Harsh, disproportionate penalties for borrowers
- Long-term blacklisting and loss of economic opportunity
- No recourse for correction or human error
We are filing a Public Interest Litigation to demand:
- Urgent reforms or repeal of the Act
- Accountability mechanisms for Credit Information Companies (CICs)
- Protection of consumer data and rights
Investigation into Global Capability Centres of Credit Bureaus
Several CICs operate Global Capability Centres (GCCs) with operations routed internationally. We're examining
- We want to know, which authority has given them the permission to do their business in India?
- From “Where and How” do they get the “Raw Data” for all their analysis, research & processing?
- Whether sensitive citizen data is being stored/processed abroad
- Possible violations of national security, privacy, and data protection laws
- Lack of transparency in their foreign collaborations
Our legal petition will demand full disclosures, independent audits, and policy reforms.
Legal Action Against Cooperative Banks
Cooperative Banks, though community-based in nature, have exhibited
- Indulge in Humiliation of Customers for irregular payments by publishing details along with their photos in all the leading the newspapers
- Indulge in drum beating and announcing to the whole world about the borrowers’ difficulties, non payments and also about impending auctions of the property.
- Give out Loans based only on “Collaterals”.
- Many other inhumane & medieval forms of Recovery
- Poor governance
- Misappropriation of depositor funds
- Arbitrary closures and denial of services
We aim to bring regulatory attention and force accountability through judicial intervention.
Petition Against Banks Prioritizing Their Interests Over Customers
Despite being custodians of public funds, most banks
- Adjust government relief funds against old dues
- Ignore customer distress
- Penalize defaulters without addressing root causes
We propose a policy-level case mandating
- Customer-first policies
- Disclosure of recovery practices
- Mandated grievance redressal processes
Routing Government Relief Only Through Post Offices
We will seek a directive for
- Routing PM's relief funds and all government schemes through Post Offices only
- Preventing banks from adjusting relief money against dues
- Ensuring full delivery of benefits to the actual beneficiaries
This ensures transparency, non-adjustment, and true relief to struggling citizens.
Against Arrogant State Finance Corporations (KSFC, GSFC, etc.)
State Finance Corporations often
- Lock factories or seize properties after minimal delay
- Do not allow restructuring or revival efforts
- Push businesses into permanent shutdown
We will challenge their high-handed recovery mechanisms and push for
- Revival-focused policies
- Independent mediation before auction
- Judicial review of coercive actions
We Invite You to Suggest any other Legal Issues
Do you know of any other
- Exploitative practices by banks or fintechs?
- Policies hurting entrepreneurs or borrowers?
- Gaps in existing laws that allow harassment or injustice?
Write to us. Our legal team will assess the matter, conduct due diligence, and file appropriate cases in public interest.
Form Here
Your Support Can Power These Battles
Legal fights require courage—and funding. If you or your organization believes in justice, fairness, and systemic accountability, please consider
- Funding one or more of these cases
- Supporting our legal research team
- Helping us with legal expertise, documentation, or awareness
Your support can change the law. Your voice can protect millions.
“Justice for Credit Borrowers is an initiative of
Surya Shakthi Foundation”
to know more, visit www.suryashakthi.org.
About Us
Justice for Credit Borrowers is a powerful citizens’ initiative launched by the Surya Shakthi Foundation, a NGO registered as a Non-Profit organization under the Section 8 of the Companies Act 2013 and committed to social justice, financial inclusion, and human dignity.
About Suryashakthi
To learn more about our legal standing, governance, and broader activities, please visit our official NGO website: www.suryashakthi.org
Quick Links
Address
No 248, “Brindavan Elite” Apt 202
III Main Road, Panduranganagar
JP Nagar 7th Phase
Bengaluru – 560076
Karnataka State, INDIA