New Delhi, September 10
The Supreme Court on Thursday requested the Centre to think about a plea for not charging curiosity on curiosity on deferred EMIs through the moratorium interval and in addition not downgrade the credit score/asset classification of the debtors.
A Bench headed by Justice Ashok Bhushan, R. Subhash Reddy and MR Shah requested the Centre, Reserve Bank of India and the banks to place their heads collectively inside two weeks to resolve on essential points — sector-specific mortgage restructuring, charging of curiosity on curiosity, and so forth — after which provide you with a concrete resolution.
Solicitor General Tushar Mehta, showing for the Centre, submitted that an professional committee on the highest degree has been set as much as take selections on the problem of moratorium extension, curiosity on curiosity throughout moratorium and different linked points.
The high court docket stated it’s inclined to grant two weeks to the Centre to file an applicable affidavit and it’ll think about totally different prayers made by petitioners on the subsequent date.
The high court docket noticed that its interim orders shall proceed until the subsequent date of listening to, the place it had stated that accounts not declared NPAs on August 31, should not be declared NPAs until additional orders.
The high court docket will take up the matter on September 28. The high court docket additionally directed the Centre, RBI and banks to put their selections on the matter earlier than it.