Supreme Court Refuses To Pass Orders For Loan Moratorium Amid COVID Second Wave
3 years, 6 months ago

Supreme Court Refuses To Pass Orders For Loan Moratorium Amid COVID Second Wave

Live Law  

Observing that the Court cannot pass directions for financial relief, the Supreme Court on Friday disposed of a writ petition which sought financial relief in the form of fresh loan moratorium, extension of time period under the restructuring scheme and temporary cease on the declaration of NPA by the financial banks in the wake of the COVID-19 pandemic.A acation bench comprising. Observing that the Court cannot pass directions for financial relief, the Supreme Court on Friday disposed of a writ petition which sought financial relief in the form of fresh loan moratorium, extension of time period under the restructuring scheme and temporary cease on the declaration of NPA by the financial banks in the wake of the COVID-19 pandemic. A acation bench comprising Justices Ashok Bhushan and MR Shah observed that it is for the Government to assess the situation and take appropriate decisions. The bench also pointed out that in the judgment Small Scale Industrial Manufactures Association v Union of India and connected cases, the Court had refused to order loan moratorium extension, and the same principles are applicable to the instant case as well.

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History of this topic

Borrower Can't Claim Loan Moratorium As A Right Based On RBI's Circular Of March 2020 : Karnataka High Court
2 years, 11 months ago

Borrower Can't Claim Loan Moratorium As A Right Based On RBI's Circular Of March 2020 : Karnataka High Court

Live Law  

The Karnataka High Court recently set aside the directionsissued to Reserve Bank of India by a single judge bench of the High Court directing it to monitor the implementation of Covid-19 package announced on March 27, 20202, by which RBI had allowed Banks to declare a three-month moratorium on all term loans, outstanding as on March 1, 2020. Senior Advocate …

Our collective efforts succeeded, but we don't want a repeat: Bombay HC on Covid management
3 years ago

Our collective efforts succeeded, but we don't want a repeat: Bombay HC on Covid management

India Today  

The Bombay High Court on Monday said while the collective efforts to curb the Covid-19 pandemic have succeeded, there should not be a repeat of the situation like during the second wave of coronavirus in April 2020. The division bench of Chief Justice Dipankar Datta and Justice MS Karnik disposed of the PILs after the petitioners sought permission to withdraw …

Country's economy is booming after second COVID-19 wave, that's what we have read: Supreme Court
3 years, 4 months ago

Country's economy is booming after second COVID-19 wave, that's what we have read: Supreme Court

India TV News  

“Economy is booming in the country after the second COVID wave”, said the Supreme Court on Friday as it refused to entertain a batch of pleas seeking contempt action against the Governor of Reserve Bank of India and senior officials of other banks for declaring the loan accounts as Non-Performing Assets. Advocate Vishal Tiwari, appearing in a batch of petitions …

"Second Wave Has Shown A Downward Trend": Punjab & Haryana High Court Closes Covid-19 Case
3 years, 5 months ago

"Second Wave Has Shown A Downward Trend": Punjab & Haryana High Court Closes Covid-19 Case

Live Law  

Upon noting that the second wave of Covid-19 has substantially declined, the Punjab and Haryana High Court closed a petition by way of which it was monitoring the pandemic situation of the tri-city i.e. Punjab, Haryana and Chandigarh.A division bench comprising of Justices Rajan Gupta and Karamjit Singh observed,"Admittedly, second wave in this region has now substantially declined and. A …

Second Covid Wave : Plea in Delhi High Court For Adoption Of Hybrid Hearings In Courts As A Free Choice For Counsels, Litigants
3 years, 9 months ago

Second Covid Wave : Plea in Delhi High Court For Adoption Of Hybrid Hearings In Courts As A Free Choice For Counsels, Litigants

Live Law  

A petition has been filed in the Delhi High Court seeking directions on the Registrar General of the Delhi High Court for taking sufficient steps to ensure continuation and adoption of hybrid mode of hearings in the High Court as well as other Courts and Tribunals falling under its jurisdiction. The petition, filed by Advocate Mujeeb Ur Rehman, A petition …

Court in COVID times
4 years, 8 months ago

Court in COVID times

The Hindu  

The guidelines issued on March 24 on the measures that the Centre and the State/Union Territory governments should take for containment of COVID-19 do not specifically suspend the functioning of judicial services, including courts. Child care institutions In contrast to what was witnessed in the migrant labourers’ wages case, the Supreme Court bench comprising Justices L. Nageswara Rao and Deepak …

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