Loan Moratorium

New Delhi (ILNS): The Supreme Court today gave the RBI, the Centre and the banks a week’s time to file their replies and observations on the issue of loan moratorium and interest payment for sectors that have claimed they deserve repayment consideration because of the Covid-19 pandemic.

New Delhi (ILNS): The Central government, in its affidavit before the Supreme Court has agreed to waive off compounded interest for loans up to Rs 2 crore during the six months loan moratorium period in the wake of Covid-19 pandemic.

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The Supreme Court today indicated that while it has taken no decision yet on the issue of interest on loans during the court-ordered moratorium period, it was “inclined” to pass an order against banks charging additional interest during the period.

The Supreme Court today heard arguments in length regarding petitions demanding waiver of interest on the suspended EMIs during the moratorium period.

Central government has today informed the Supreme Court that it has filed an affidavit with reference to petitions demanding waiver of interest on the suspended EMIs during moratorium period.

The Supreme Court today slammed the Centre for not taking a stand on allowing moratorium on charging of interest on loans as well as interest on interest during the moratorium period declared during pandemic.

A petition has been filed in the Delhi High Court seeking direction to the state government to provide the financial assistance to advocates enrolled with the Bar Council Delhi without discrimination on the ground of residential address or voter ID.

The Supreme Court on Wednesday has confronted the Central Government over the issue of RBI loan moratorium, stating that if Centre has announced a moratorium, it must ensure the benefits are given to customers’ purposefully.

The Supreme Court of Ind...