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

The benefit of restructuring namely of not declaring me an NPA should be available basis opting in and opting out. The most productive sector is Power sector, says Singhvi

People at the higher end not allowed to restructure, please plug this loophole, Singhvi says

The circular of the RBI dated October 6 has created inadvertent exclusions, says Singhvi

Dues for consumed power as an ailment recognised by Government. Dues are 1.22 crore, says Singhvi

What are the remedies you suggest Mr. Singhvi? bench asks

NPA’s created for non-payment of my consumer power, Singhvi for Power Producers tells Supreme Court 

Power Producers have been recognised to have huge arrears arising out of unpaid dues. It is even pre covid, the Parliamentary standing committee talks about how they don’t get paid institutionally, says Singhvi 

These are extraordinary situations. Also I am not asking for specific reliefs like liquidity injections or specific fiscal reliefs. Really my focus is on tweaker 2-3 issues arising out of RBI circulars has led to discrimination by inadvertence or design, says Singhvi

SG Concludes.

Senior advocate Abhishek Manu Singhvi for Power Producers.

If your lordships satisfied that Government is on top of it and fiscal policy issues being taken care of it, My lords may kindly not interfere under Article 32, SG says 

If your lordships satisfied that Government is on top of it and fiscal policy issues being taken care of it, My lords may kindly not interfere under Article 32, SG says