Loan Moratorium And Interest Waiver - Live Updates from Supreme Court

Update: 2020-12-09 07:06 GMT
Live Updates - Page 2
2020-12-09 07:14 GMT

The plea made on December 10 that the date of moratorium be extended is not viable, says Giri

"Relationship between Borrower and Lender to decide implications"

2020-12-09 07:07 GMT

Giri is furthering the same point of argument.

He says that all that is required for a person to do to invoke the 6.8.2020 Circular's benefit is to come with a Resolution Plan (if the borrower is eligible).

2020-12-09 07:07 GMT

Yesterday, he had argued that the prudence framework was available in terms of the RBI Circulars and that the discretion to frame a resolution plan should be with the bank and not the borrower.

2020-12-09 07:06 GMT

The hearing begins.Senior Advocate VV Giri is making submissions.

He appears for RBI

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