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SC adjourns hearing on loan moratorium as RBI seeks time to file affidavit

The apex court ordered that all decisions taken by the RBI, the Government of India or the banks be placed before it for consideration

Supreme COurt
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BS Web Team New Delhi
The Supreme Court adjourned the hearing till September 28 on the two petitions seeking an extension of the moratorium period on repayment of loans and to waive off the interest on the interest on loan amount in view of Covid-19 pandemic.

The apex court ordered that all decisions taken by the RBI, the Government of India or the banks be placed before it for consideration. RBI sought time to file the affidavit.
 
The Supreme Court had last week said that those accounts that had not been declared non-performing assets (NPAs) as on August 31 should not be declared bad