After considering the case, the Court said that interim protection measures are crucial in the present case as it involves a critical and sensitive aspect of providing financial services.
Disruptions in software licensing or operational access could significantly impact the development and functionality of mobile banking applications that underpin credit card services, the Court stressed.
“Given the sensitive nature of these services, any interruption could pose risks to customer data, transaction processing, and overall service continuity. This, in turn, could lead to financial losses for the parties involved and erode consumer trust. Therefore, the interim protection measures are essential to maintain the smooth operation of credit card-related software, ensuring uninterrupted service delivery, customer satisfaction, and compliance with financial regulations.”
The Court, therefore, passed an ex-parte order and listed the case for further consideration on May 22.
Source: Barandbench
