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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
