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#SupremeCourt’s Justice Ashok Bhushan led bench to shortly hear plea(s) seeking waiver of loan interest during moratorium in view of the pandemic situation.

@RBI
#loans #moratorium #banks #interestwaiver

On the last date, a bench Justices Ashok Bhushan, R. Subhash Reddy & MR Shah directed the Centre to file an affidavit, clearly stipulating its take on the issue of interest payments.
The loan moratorium period ended on August 31.
@RBI
#loans #moratorium #banks #interestwaiver

Top Court had pulled up the centre and rebuked it for "hiding behind the RBI" as well as "shelving the issue of interests on loans during moratorium".
@RBI
#loans #moratorium #banks #interestwaiver https://www.livelaw.in/top-stories/happened-because-you-locked-down-the-entire-country-sc-pulls-up-centre-for-not-clarifying-stand-on-interest-during-moratorium-161974