The Supreme court won't be entertaining the Loan Moratorium in wake of covid-19

The Supreme Court has rejected the Public Interest Litigation (PIL) plea seeking directions to the Centre and the Reserve Bank of India to grant a loan installment moratorium for at least six months in wake of the second wave of Covid-19. On this matter, The supreme court says that they accept that they aren't experts in financial matters. They can't anticipate financial implications. Such issues are in the realm of policy decisions. The plea sought a waiver of interest and interest on interest on loans drawing the attention of the court to the loss of income suffered by businessmen following lockdown in most states and the resultant financial hardships with no guarantee of a steady or assured income.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting