New Delhi: The Supreme Court on Thursday allowed two more weeks time to the government to come up with something concrete for various sectors in the loan moratorium matter.
Being strict on the case, the apex court said that this is the last chance for the centre and the Reserve Bank of India to come up with a plan to address the issues and refused to adjourn the case any further.
“What is going to happen in two weeks? We are giving time to the centre, but take a concrete decision,” it said.
Court’s remarks came during the hearing of a batch of petitions seeking a waiver of interest of EMIs during the moratorium period.
During the hearing, the Centre told the Supreme Court that considerations are taking place at the highest level with the banks and other stakeholders for relief.
Two-three rounds of meeting have taken place and the concerns are being examined, it said.
Last week, the Centre had told the Supreme Court that the moratorium period for loans can be extended by two years as per the Reserve Bank of India circular.
