[Loan Moratorium And Waiver of Interest] Live Updates From Supreme Court

Enough elasticity provided to banks, SG says

All accounts which are not big accounts covered by RBI Circular, SG says.

This committee took several stakeholders into account and came out with their report, SG says and points to it on the affidavit

Kamath Committee for Loan Restructuring appointed for this purpose, SG tells SC

Over and above sector specific relief, we as the government not oblivious to it. No room available to do anything beyond the constraint of finance. Loans can be extended, interests can be reduced, says SG

Pandemic related relief extended via Atmanirbhar scheme, sector specific pandemic related relief already provided by government. 90,800 crore sanction for power distribution companies to pay their outstanding dues, says SG

Your lordships were initially approached on question of interest on interest and several petitions came to filed by various sectors under Article 32. I am not on maintainability right now, says SG

SG takes the bench through the additional affidavit of October 9, filed on behalf of the Union.

I want to give an overview of what has happened, so that My Lords have a broad idea. First of all, because of your lordships indulgence, the Government is also thankful and also on behalf of the people, says Solicitor General Tushar Mehta

I want to put forth a short note on the aspect of force majeure, says Dutta

Yes, you are permitted, says the bench