 "Illustration: Ajay Mohanty")
Interest waiver on all loans during the six-month loan moratorium period will cost over Rs 6 trillion. This may render most banks unviable, the government told the Supreme Court on Tuesday.
The court will continue to hear the matter on Wednesday.
A Bench of Justices Ashok Bhushan, R S Reddy, and M R Shah was informed by Solicitor General Tushar Mehta that this was one of the main reasons why interest waiver was not contemplated and only the payment of instalments was deferred.
The apex court was hearing a batch of pleas from various bodies, including real estate and power, seeking sectorwise relief
