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Will There Be Interest On Interest For Payments Deferred Due To Moratorium, SC Asks RBI, Centre
Sanya Talwar
12 Jun 2020 12:20 PM IST
The Supreme Court on Friday sought to know from the Union Ministry of Finance and the Reserve Bank of India if deferment of payments on account of the 6-month loan moratorium will entail accrual of interest on interest."Whether the payment will impose interest on interest or not ", a bench comprising Justices Ashok Bhushan, S K Kaul and M R Shah asked. The Court said that its query was on...
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