loan moratorium period

The Supreme Court said, the loan moratorium period will not extend beyond August 31, recovery of compound interest from borrowers… court refuses to interfere in loan moratorium policy.

During its previous hearing on December 16, the Reserve Bank of India (RBI) and Indian Banks Association (IBA) had urged the apex court not to pass any further orders on petitions asking for financial aid.

The Supreme Court today has disposed off the petition filed by Gajendra Sharma seeking waiver of Interest on interest during the Loan Moratorium period declared by Centre owing to COVID 19 pandemic.