SC Defers Loan Moratorium Hearing To Oct 5, As SG Submits Matter At Advanced Stage Of Consideration At Highest Level; Interim Order To Continue
4 years, 6 months ago

SC Defers Loan Moratorium Hearing To Oct 5, As SG Submits Matter At Advanced Stage Of Consideration At Highest Level; Interim Order To Continue

Live Law  

The Supreme Court on Monday adjourned to next Monday the hearing on plea seeking extension of the Covid-19 induced loan moratorium & waiver of accruing interest. Because if the government takes a decision, it may help" "Please allow the intervention of the banks.It was the Government of India that issued the first circular, the moratorium, and it is the government which has to take steps in public interest.the banks are arguing as if these are normal situations. "He said the decision is being taken at the highest level.I know a lot of efforts are being made.but the interim orders must be continued. Allowing the interim orders to continue, the bench ordered, "The issues are under active consideration of the government of India and a decision is expected in 2-3 days. As the bench was about to rise, an advocate raised another concern regarding the harassment of the public at the hands of the banks- "Banks are regularly calling the customers and using abusive language.

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History of this topic

Breaking: Supreme Court To Pronounce Judgment On Pleas Seeking Loan Moratorium Extension Tomorrow
4 years ago

Breaking: Supreme Court To Pronounce Judgment On Pleas Seeking Loan Moratorium Extension Tomorrow

Live Law  

The Supreme Court will pronounce its judgment tomorrow on a batch of petitions which seek the extension of the 6 month loan moratorium period granted by the Reserve Bank of India.The Court had reserved the Judgment on December 17 last year after hearing petitioners, Centre, RBI and intervenors. The Supreme Court will pronounce its judgment tomorrow on a batch of …

"Situation Demands That Loan Moratorium Be Extended Till 31 March 2021": Plea In Supreme Court Seeks Extension
4 years, 4 months ago

"Situation Demands That Loan Moratorium Be Extended Till 31 March 2021": Plea In Supreme Court Seeks Extension

Live Law  

An amendment application for the prayers in the plea seeking directions to extend the moratorium period till March 31, 2021 has been filed in the Supreme Court.The Supreme Court is currently seized of a batch of plea's and is hearing the issue of extension of loan moratorium and waiver of accruing interest.One of the Petitioner Advocate Vishal Tiwari has sought …

SC allows power producers to file suggestions on loan relief
4 years, 4 months ago

SC allows power producers to file suggestions on loan relief

Live Mint  

The Supreme Court on Thursday asked all parties, including power producers, to file their submissions and suggestions on the loan relief plea before the central government and the Reserve Bank of India within three days. The court took on record the submission of Senior Advocate Rajiv Dutta for petitioner, to dispose of his plea in view of Centre’s decision to …

Moratorium extension not in borrowers\' interest: RBI tells SC
4 years, 5 months ago

Moratorium extension not in borrowers\' interest: RBI tells SC

Deccan Chronicle  

New Delhi: A loan moratorium exceeding six months might result in vitiating the overall credit discipline, which will have a debilitating impact on the process of credit creation in the economy, the Reserve Bank of India told the Supreme Court on Saturday. In its 17-page “consolidated affidavit” filed ahead of the hearing on Tuesday of the loan moratorium case, the …

Loan moratorium case: Centre, RBI seek more time; next hearing on October 5
4 years, 6 months ago

Loan moratorium case: Centre, RBI seek more time; next hearing on October 5

India Today  

The Supreme Court on Monday said the loan moratorium case would be heard on October 5 as the Centre and Reserve Bank of India need more time to place the decisions taken by them on record. Representing the Centre, Solicitor General Tushar Mehta apologised to the Supreme Court and said the government is at a “very advanced stage” in the …

[Loan Moratorium & Interest Waiver] "Highest Level Expert Committee Convening Meetings & Will Take Holistic Decision In Two Weeks": Centre Tells SC, Interim Order To Continue [Read Order]
4 years, 6 months ago

[Loan Moratorium & Interest Waiver] "Highest Level Expert Committee Convening Meetings & Will Take Holistic Decision In Two Weeks": Centre Tells SC, Interim Order To Continue [Read Order]

Live Law  

The Centre informed Supreme Court on Thursday that an Expert Committee at the highest level had been constituted in order to take a decision on the issue of moratorium extension, interest during moratorium, interest on interest and other related issues. Solicitor General Tushar Mehta sought two weeks time in order to place on record a comprehensive affidavit in this regard …

Supreme Court Adjourns Hearing in Loan Moratorium Case Till September 10
4 years, 6 months ago

Supreme Court Adjourns Hearing in Loan Moratorium Case Till September 10

News 18  

The Supreme Court on Thursday provided some relief to stressed borrowers who are facing hardship due to impact of COVID-19 pandemic. The bench said that accounts which were not declared as non-performing assets till August 31 this year, shall not be declared NPA till further orders, and adjourned the next hearing in the loan moratorium matter until next week Thursday, …

SC defers case seeking clarification on eligibility of NBFC for loan moratorium
4 years, 9 months ago

SC defers case seeking clarification on eligibility of NBFC for loan moratorium

Live Mint  

The Supreme Court on Tuesday deferred hearing the plea seeking clarification on the eligibility of the Non Banking Financial Company for loan moratorium scheme announced by RBI in March which granted three-month loan moratorium from paying EMIs and other loans amidst the nationwide lockdown due to covid-19. The central bank had on 22 May extended moratorium on term loans till …

SC Raises Concerns Over RBI Allowing Levy Of Interest During Moratorium; Adjourns Hearing Till June 12
4 years, 9 months ago

SC Raises Concerns Over RBI Allowing Levy Of Interest During Moratorium; Adjourns Hearing Till June 12

Live Law  

The Supreme Court on Thursday made oral observations raising concerns over the Reserve Bank of India allowing levy of interest during the moratorium period allowed for loan repayments.A bench comprising Justices Ashok Bhushan, S K Kaul and M R Shah was hearing petitions filed Gajendra Sharma and few others challenging the RBI Circulars of March 27 and May 22 to …

SC defers Babri case for detailed hearing
8 years ago

SC defers Babri case for detailed hearing

The Hindu  

A Supreme Court Bench of Justices P.C. Ghose and Rohinton Nariman on Thursday posted the CBI appeal against dropping criminal conspiracy charge against top BJP leaders, including veteran L.K. The Bench reassembled on Thursday with Justice Nariman returning as puisne judge, but Mr. Advani’s counsel, senior advocate K.K. Conspiracy charge Mr. Nariman, who made cutting remarks at the March 6 …

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