Apex Court to hear loan moratorium case on Oct 14

BusinessApex Court to hear loan moratorium case on Oct 14

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Apex Court to hear loan moratorium case on Oct 14

New Delhi:The Supreme Court on Tuesday postponed the hearing of loan moratorium case to Wednesday, October 14, as the top court was not able to take up the matter due to paucity of time.

“We are adjourning the loan moratorium issue to tomorrow at 1030 am, as the court heard many other matters before it and this case couldn’t be taken up today due to paucity of time,” a bench headed by Justice Ashok Bhushan said.

The bench is hearing a slew of petitions seeking appropriate directions and orders in waiving off interest on interest on loan moratorium period during Covid-19 pandemic time.

The Apex Court had earlier expressed its complete dissatisfaction over the response by the Centre and Reserve Bank of India on the loan moratorium issue and sought another response.

The SC had also asked the parties, including the Union of India and Reserve Bank of India (RBI) to file a detailed affidavit, highlighting all the points.

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