COVID-Plea In Supreme Court Seeks Directions To Permit Banks To Offer Moratorium On Payments To Borrowers From Classifying Loan Accounts As NPA

While highlighting the financial implications of Covid's second wave on the middle class, a plea has been filed before Supreme Court seeking directions to permit banks to offer moratorium on payments to borrowers for the period of June to August. The plea filed by a NGO Trust Distress Management Collective has sought directions to Centre and the Reserve Bank of India, to issue...