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Supreme Court to decide on moratorium interest waiver issue today

The apex court said it would hear the matter again and decide on Wednesday a bunch of petitions demanding waiver of interest, or waiver of interest on interest on the suspended monthly instalments

loans, aum, assets, banks, investment, shares, stocks, funds
The Supreme Court had observed in June that the question is not of waiver of complete interest for entire moratorium period but it is limited only to interest charged on interest by banks

The Centre and the Reserve Bank of India (RBI) informed the Supreme Court on Tuesday that the moratorium on repayment of loans must be extendable to two years under certain conditions. And, the sectors most distressed by the economic slowdown are being identified. “We are in the process of identifying the distressed sectors as per impact of the hit they have taken,” Solicitor General Tushar Mehta told the three-judge Bench, headed by Justice Ashok Bhushan. The apex court said it would hear the matter again and decide on Wednesday a bunch of petitions demanding ...