https://www.taxtmi.com/caselaws?id=441363 Credit information furnished under the Credit Information Companies (Regulation) Act, 2005, when supplied in accordance with the statutory reporting scheme, does not by itself constitute defamation under Section 500 of the Indian Penal Code. The Court noted that the Act provides a self-contained mechanism for disclosure, correction, confidentiality, dispute resolution, and prosecution for false entries, and the grievance was essentially one of correction or alteration of CIBIL data. As the loan, default, and suit were not disputed and the complaint did not show false publication with the requisite intention or knowledge to harm reputation, the essential ingredients of defamation were absent. The prosecution was therefore not maintainable in view of the special statutory framework. en-us Wed, 21 Jun 2023 00:00:00 +0530 Tue, 08 Aug 2023 07:26:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441363 Credit information furnished under the Credit Information Companies (Regulation) Act, 2005, when supplied in accordance with the statutory reporting scheme, does not by itself constitute defamation under Section 500 of the Indian Penal Code. The Court noted that the Act provides a self-contained mechanism for disclosure, correction, confidentiality, dispute resolution, and prosecution for false entries, and the grievance was essentially one of correction or alteration of CIBIL data. As the loan, default, and suit were not disputed and the complaint did not show false publication with the requisite intention or knowledge to harm reputation, the essential ingredients of defamation were absent. The prosecution was therefore not maintainable in view of the special statutory framework. Case-Laws Indian Laws Wed, 21 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441363