Loan Moratorium And Waiver of Interest : Live Updates From Supreme Court

Economic substratum of the Real Estate industry is in the doldrums, Sibal says

RBI is saying that the borrower & lender will decide among themselves, says Sibal

State of the economy states that there will be havoc by December 10, Sibal says while reading a report of the Financial Express

Sibal reads out a piece from Financial Express.

Bench assembles.

Sibal continues arguments on behalf of CREDAI.

The bench has now risen for lunch.

Obligation of the State and RBI to apprise the Court regarding the state of the industry, not doing so is dereliction of duty, Sibal says

SG interjects.

Can your colleague send it to me? he asks

I will have it sent again, thought it was already sent, Sibal says

The decisions must be taken by your lordships, while keeping the nitty-gritties out, says Sibal

There was no business and a moratorium was given, why did a standard account become an NPA on September 1?

This is violative of Article 19(1)(g), Sibal says

Union has not applied its mind to the data which it has access to. It has jurisdiction to deal with banks. Entry No. 36 of List I, Entry 38 of List 1 and Entry 46 of list 1 gives exclusive jurisdiction, read with Art. 246 of the Constitution, Sibal says