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

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17 Dec 2020 1:17 PM IST

  • Loan Moratorium And Waiver of Interest - Live Updates From Supreme Court

    Supreme Court bench led by Justice Ashok is hearingp plea(s) seeking extension of loan moratorium owing to the pandemic along with sector-specific...

    Supreme Court bench led by Justice Ashok is hearingp plea(s) seeking extension of loan moratorium owing to the pandemic along with sector-specific plea's.

    Live Updates

    • 17 Dec 2020 1:19 PM IST

      This is a case where the National Disaster Management Authority should have come out, instead of handing over to the banks.

    • 17 Dec 2020 1:19 PM IST

      26 sectors severely impacted by disaster, Kamath Committee has recognised these sectors, says Srivastava

    • 17 Dec 2020 1:19 PM IST

      Interest over interest is also stipulated in the Circulars which means that borrowers will have to pay a penalty for taking moratorium, says Srivastava

      He adds that he is unable to understand how the RBI is holding the borrowers hands with the present policy stipulations.

    • 17 Dec 2020 1:19 PM IST

      Srivastava says that the intervention application of the IBA and the SBI circulars have been signed by the Deputy Managing Director but nowhere it has been stipulated to be a Board Approved policy.

    • 17 Dec 2020 1:19 PM IST

      They have shown nothing on record to prove why this was done, Srivastava says

    • 17 Dec 2020 1:18 PM IST

      Srivastava : Govt and RBI have come up with measures - for small borrowers (for loans up to 2 crores) on which I made submissions regarding discrimination.

    • 17 Dec 2020 1:18 PM IST

      Senior Advocate Ravindra Srivastava is making rejoinder submissions.

      He says that no authority seems to be looking into the grievances of the borrowers.

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