Loan Moratorium And Waiver of Interest : Live Updates From Supreme Court

Sibal concludes.

These prayers only formal & maybe moulded to suit objectives which are sought to achieved, Sibal says

In the light of my submissions, prayers can always always be moulded & there is no need to look at them in a strict sense, says Sibal while he reads prayers sought in his plea.

I’m not asking for the court to come to a finding but the fact that there has to be some responsibility, Sibal says

Which are the sectors which are prosperous like nobody’s business ? IT, Pharma, Mobile Phones, Digital Platforms. They say 70 per cent not asked for moratorium & 30% has - this 30% is distressed. How has the Govt. balanced the two? Complete violation of Article 14, Sibal says

The GOI must apply its mind to the Real Estate sector, Sibal says

Sibal says that the Kamath Committee is an expert committee set up to regulate parameters between the borrowers & lenders and has nothing to do with Disaster.

Eligible borrowers account should continue to be classified as standard. There is no invocation of the same till date, says Sibal.

There is nothing to counteract the Impact of disaster on economic activities, Sibal says

Their (Union) position today is that your lordships have no jurisdiction to go into this, Sibal says