(RBI circular on Loan Moratorium)
#SupremeCourt will resume its hearing on the batch of petitions seeking relief in the form of extension of moratorium period beyond six months or waiver of interest on interest.
@RBI #LoanMoratorium
#SupremeCourt will resume its hearing on the batch of petitions seeking relief in the form of extension of moratorium period beyond six months or waiver of interest on interest.
@RBI #LoanMoratorium
Senior Advocate Ravindra Srivastava submits that affected parties of a disaster needs to be given a meaning of widest amplitude as envisaged by the legislature
Shrivastava: any relief given has a cost and thr government has to incur it. Financing has to be prioritized.
Counsel for Supertech argues and prays for no coercive action
Senior Adv V Giri: Supertech itself says he was an NPA earlier and thus he is not a eligible borrower under the last circular. He should move PNB housing finance instead. These proceedings don't question the validity of August 6 circular
Solicitor-General: we have nothing more to add. Grateful for the hearing.
Advocate Kunal Vajani argues for CREDAI since Senior Adv Kapil Sibal could not be connected : The 2 crore threshold policy which was brought in that policy SME 0 is not included.
SC: ok we will consider
SC: ok we will consider
Vajani: Banking association is not informing that they have moved RBI where a standstill clause has been sought for the NPA
Giri: RBI has not received any such request and neither we have ceded to any such request
Giri: RBI has not received any such request and neither we have ceded to any such request
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