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Don't hide behind RBI, clarify your stand on loan moratorium: SC to govt

A Bench headed by Justice Ashok Bhushan said the government had failed to clear its position on the issue despite the fact that ample powers were available with it under the Disaster Management Act

SUPREME COURT
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The top court had earlier said there was “no merit in charging interest on interest” for deferred loan payment instalments during the moratorium period, announced in wake of the Covid-19 pandemic

Indivjal DhasmanaPTI New Delhi
Pulling up the Centre for “hiding behind the Reserve Bank of India” (RBI), the Supreme Court on Wednesday asked it to clarify its stand within a week on the waiver of interest on loan repayments during the moratorium period. 
 
A Bench headed by Justice Ashok Bhushan said the government had failed to clear its position on the issue despite the fact that ample powers were available with it under the Disaster Management Act.
 
Solicitor General Tushar Mehta said, “My Lordships may not say that. We are working in coordination with the RBI.”
 
The Bench, also comprising Justices