Discover and read the best of Twitter Threads about #LoanMoratoroum
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RBI CIRCULAR ON LOAN MORATORIUM:
#SupremeCourt today will hear matter concerning waiver of interest on interest on term loans for the period of moratorium.
The petitions before the Court had challenged the interest component of the @RBI circular on #LoanMoratorium.
#SupremeCourt today will hear matter concerning waiver of interest on interest on term loans for the period of moratorium.
The petitions before the Court had challenged the interest component of the @RBI circular on #LoanMoratorium.
Centre, in its affidavit before the #SupremeCourt, has said that the compounded interest will be waived off for the "most vulnerable class of borrowers" for loans up to the amount of Rs 2 crore.
#LoanMoratorium @RBI
barandbench.com/news/litigatio…
#LoanMoratorium @RBI
barandbench.com/news/litigatio…
Hearing begins.
Senior Counsel Kapil Sibal counters the Centre's affidavit, says a lot of figures cites in Centre's affidavit "without any basis"
Sibal requests Court to allow him to file a reply "to place facts on record".
#SupremeCourt @RBI @KapilSibal
Senior Counsel Kapil Sibal counters the Centre's affidavit, says a lot of figures cites in Centre's affidavit "without any basis"
Sibal requests Court to allow him to file a reply "to place facts on record".
#SupremeCourt @RBI @KapilSibal
RBI CIRCULAR ON MORATORIUM ON LOAN REPAYMENT:
A three Judge Bench of the Supreme Court is hearing a batch of petitions concerning moratorium on loan repayment and interest levied on interest.
#SupremeCourt #LoanMoratorium @RBI
A three Judge Bench of the Supreme Court is hearing a batch of petitions concerning moratorium on loan repayment and interest levied on interest.
#SupremeCourt #LoanMoratorium @RBI
SG Tushar Mehta tells the Court: Two or three rounds of meeting have taken place and the concerna examined.
(Mehta sought for a deferment in the hearing saying that consultations are on with Banks)
#SupremeCourt
(Mehta sought for a deferment in the hearing saying that consultations are on with Banks)
#SupremeCourt
Senior Counsel Harish Salve for IBA tells the Court that the immediate concern is that of individual borrowers. Decisions have to be taken through the Finance Ministry and not the RBI.
#SupremeCourt
#SupremeCourt
