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๐™‡๐™ค๐™–๐™ฃ ๐™ˆ๐™ค๐™ง๐™–๐™ฉ๐™ค๐™ง๐™ž๐™ช๐™ข & ๐™„๐™ฃ๐™ฉ๐™š๐™ง๐™š๐™จ๐™ฉ ๐™’๐™–๐™ž๐™ซ๐™š๐™ง- Hearing- LIVE-UPDATES from SC

LIVELAW NEWS NETWORK
10 Sep 2020 5:23 AM GMT
๐™‡๐™ค๐™–๐™ฃ ๐™ˆ๐™ค๐™ง๐™–๐™ฉ๐™ค๐™ง๐™ž๐™ช๐™ข & ๐™„๐™ฃ๐™ฉ๐™š๐™ง๐™š๐™จ๐™ฉ ๐™’๐™–๐™ž๐™ซ๐™š๐™ง- Hearing- LIVE-UPDATES from SC
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Live Updates

  • 10 Sep 2020 6:02 AM GMT

    Bench discusses.

    SG: This could have serious consequences.

    Bench: " Okay. We will have it on 28th September.

    Interim Orders to continue"

  • 10 Sep 2020 6:02 AM GMT

    "All decisions taken by the RBI, GOI or the banks should be placed before the Court for consideration. We expect that since matter under active consideration under GOI & RBI...."

  • 10 Sep 2020 5:57 AM GMT

    ".....In view of the aforesaid, we are inclined to grant two weeks to file appropriate affidavit. We make it clear that we shall consider different prayers made by petitioners on the next date"

  • 10 Sep 2020 5:56 AM GMT

    "........SG states that affidavits bringing on record the decision of GOI & RBI shall be brought on record. Giri has also made the same submissions..."

  • 10 Sep 2020 5:55 AM GMT

    ".....banks debiting interest on interest and credit rating being downgraded which may be adverse effect on various account holders"

  • 10 Sep 2020 5:55 AM GMT

    "...Expert committees also been constituted and action shall be taken thereof. Counsel of petitioners have expressed concern wrt individual borrowers apart from other sectors and that individuals adversely affected....."

  • 10 Sep 2020 5:55 AM GMT

    Order:

    "Government at the highest level is considering all issues in this batch of cases & within a period of two weeks appropriate decision will be taken with regard to issues which have arisen and the manner and benefits of different sectors..."

  • 10 Sep 2020 5:51 AM GMT

    Sibal: These contracts operated in state of normalcy. This is not a normal situation. The finance minister herself said that this is a force majeure situation. Why should contracts which could not be enforced on account of moratorium be taken into account?

  • 10 Sep 2020 5:50 AM GMT

    SG: All this will be taken into account holistically.

    Bench: Take concrete decision with clarity so that it is not adjourned now.

    SG: Government is considering every sector.

  • 10 Sep 2020 5:49 AM GMT

    Salve insists that the interest is not a default interest.

    Justice Bhushan: Okay, Mr. Mehta? We will grant time and you respond to all issues which have been raised today and now we will not adjourn the case anymore.

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