SC Disposes of SLP After Banks and CIBIL Correct Erroneous Credit Reporting
The Supreme Court of India, on March 20, 2026, resolved a significant issue concerning incorrect negative credit scores due to erroneous PAN card linkages, thereby bringing relief to the petitioner, Rajendra Singh Panwar. The bench, comprising Justices J.B. Pardiwala and K.V. Viswanathan, disposed of the Special Leave Petition after the Credit Information Bureau of India Limited (CIBIL), along with Punjab National Bank and State Bank of India, rectified the credit score discrepancies.
The petitioner, Rajendra Singh Panwar, had approached the Supreme Court following the dismissal of his contempt petition by the High Court. The contempt petition was initially filed against CIBIL for non-compliance with a High Court order demanding corrective action on the petitioner's credit score.
The Supreme Court had earlier directed CIBIL to amend the petitioner's CIBIL score, which had been adversely affected since 2020 due to incorrect information linked to his PAN card. The petitioner had suffered from an inability to access financial facilities despite having no outstanding loans or defaults. The root cause was identified as a PAN card issue where the same number was held by two individuals sharing the petitioner's name, leading to misattributed credit information.
Following the Supreme Court's directive, affidavits were filed by both the State Bank of India and Punjab National Bank. The banks confirmed the absence of any loans or defaults by the petitioner, negating any adverse credit reporting. Subsequently, CIBIL corrected the credit score based on these affidavits.
The Court, satisfied with the corrective measures taken, found no further adjudication necessary. Consequently, the Special Leave Petition was disposed of, and any pending applications were also concluded.
Bottom Line:
Credit score discrepancies due to erroneous PAN card linkage - Resolved through affidavits by banks and corrective steps by CIBIL. No further adjudication required.
Statutory provision(s):
- Special Leave Petition under Article 136 of the Constitution of India.
- Credit Information Companies (Regulation) Act, 2005.
- Relevant orders passed by the High Court and Supreme Court concerning credit information rectification.
Rajendra Singh Panwar v. Jay Prakash, (SC) : Law Finder Doc id # 2878362
