https://www.taxtmi.com/caselaws?id=784962 Whether the co-lending/service agreements amounted to outsourcing core lending and generated proceeds of crime: the AT held that fintech firms funded disbursements under the guise of "performance guarantees" while NBFCs received guaranteed revenue via service fees without investing, thereby outsourcing core lending functions in breach of RBI master directions and circulars; consequence-agreements treated as impermissible outsourcing and as generating proceeds of crime (appeal dismissed on this issue). Whether misuse of borrower data and conduct attracted criminal liability under IPC/IT Act: the AT found fintechs provided loan facilities (not mere software), misused personal data to harass and extort for recovery, attracting sections 417, 419, 420 IPC and 66C/66D IT Act; consequence-criminal liability affirmed (appeal dismissed on this issue). en-us Mon, 05 Jan 2026 00:00:00 +0530 Thu, 15 Jan 2026 08:41:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=784962 Whether the co-lending/service agreements amounted to outsourcing core lending and generated proceeds of crime: the AT held that fintech firms funded disbursements under the guise of "performance guarantees" while NBFCs received guaranteed revenue via service fees without investing, thereby outsourcing core lending functions in breach of RBI master directions and circulars; consequence-agreements treated as impermissible outsourcing and as generating proceeds of crime (appeal dismissed on this issue). Whether misuse of borrower data and conduct attracted criminal liability under IPC/IT Act: the AT found fintechs provided loan facilities (not mere software), misused personal data to harass and extort for recovery, attracting sections 417, 419, 420 IPC and 66C/66D IT Act; consequence-criminal liability affirmed (appeal dismissed on this issue). Case-Laws Money Laundering Mon, 05 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=784962