[Loan Moratorium And Waiver of Interest] Live Updates From Supreme Court

Supreme Court says all parties to file suggestions for RBI and Centre before the hearing so that response can be given.

Supreme Court disposes off petitions in which the petitioners are satisfied with compound interest waiver.

For Mr. Singhvi to make political arguments that nothing was done without My Lords supervision is not correct, says SG

My arguments were sober. I don’t understand from where Mr. Mehta thinks there is political colour to them, Singhvi says

Lets not forget that it is the Union which said that the Banks have to do business. It is all before your lordships. Yes it has been done at your Lordships Behest, says Senior Advocate Rajiv Dutta

None of this would have happened if this issue was not before your Lordships, says Singhvi

I am objecting to this that it only happened because of My lords submissions, SG says

Dr. Singhvi may have some suggestions and he may approach the RBI, says SG

We are not passing any orders, says Justice Bhushan

Then let the RBI not be asked to come back and revert, says SG

SG Interjects....

Mr. Mehta one minute, Justice Shah says

Give these suggestions in writing to the Counsel for RBI, says Justice Bhushan

Formally issue notice on my petition and kindly ask them to respond to the notes sent to them, this will ensure a time bound response, Singhvi says

What these banks are now doing is taking other forms of steps which are coercive.

Your lordships should consider by slightly a sympathetic approach to report to your lordships with the suggestions I put forth, says Singhvi

Allow borrowers to opt in or opt out of scheme. RBI given a uniform circular, says Singhvi