Sc Asks Finmin Rbi To Convene Joint Meet To Decide On Moratorium Period Interest
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Supreme Court Says Problems In Economy Created By Govt S Lockdown Imposition Delhi Nyoooz
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Supreme court of india judgement on moratorium. For pronouncement of judgment on 14th nov 2019 in hon chief justice court 13 nov 2019. Correspondence the registrar supreme court of india tilak marg new delhi 110001 011 23388922 2423388942 fax. Circular regarding pincode of supreme court of india 27 sep 2019.
Sep 2 2020 349 pm ist. Listing notice regarding sitting of chief justices court and court no. The supreme court is hearing petitions challenging the reserve bank of indias move to charge interest on term loans during the moratorium period introduced in light of the covid 19 pandemic.
A bench of justices ashok bhushan r subhash. The supreme court on thursday extended loan repayment moratorium till september 28 and directed banks not to declare any loan as npa non performing a. The supreme court on wednesday pulled up the central government and asked it to step up and take a stand over the issue related to charging interest on emis during the six month moratorium period granted in view of covid 19 pandemic.
The supreme court granted time to the finance ministry and the rbi to file a joint response on the issue of interest on loans during the covid 19 moratorium period. Listing notice notice regarding listing of rpcno335818 etc. Finance ministry rbi to file joint response before june 12.
Accounts not declared npa as on august 31 shall not be declared npa till further orders. The supreme court issued notice tuesday to the centre and reserve bank of india rbi on a plea challenging the decision to levy interest on loans despite the moratorium on repayment in view of the extended national lockdown. The supreme court sc on september 3 heard a batch of petitions seeking interest waiver on loan moratorium granted by reserve bank of india rbi.
The bench of justices ashok bhushan r subhash reddy and mr shah is hearing the matter. Supreme court extends relief on npas after govt says interest issue being considered at highest level the centre told the court an expert panel has been set up to look into the interest being charged by banks on instalments deferred during the moratorium.
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