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Loan moratorium case to be heard by Supreme Court on Thursday

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New Delhi (ILNS): The loan moratorium case will now be heard by the Supreme Court on Thursday. This was decided after the Central government informed the court that their lawyer, the Solicitor General, was busy with some other matter.

The bench of Justices Ashok Bhushan, R Subhash Reddy, and MR Shah is hearing a petition for a six-month loan moratorium.

However, the central government has issued an order of relief in this regard. From March 2020 to August 2020, the central government had provided loan moratorium facility to the customers who took loans.

The apex court had earlier told the government that the government should implement the interest waiver scheme as soon as possible. The court said that this time Diwali of the people is in the hands of the government.

Supreme Court held the last hearing on the loan moratorium case on October 14. In this hearing, the SC said that the interest waiver scheme on interest should be implemented as soon as possible.

Meanwhile, the Centre had asked for time till November 15 to issue the circular.

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The Solicitor General said that the government would issue the circular attached to it by November 15. The court said that when the decision has been made, why should it take so long to implement it.

-India Legal Bureau

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