The Bench of Chief Justice D. N. Patel and Justice Prateek Jalan, Delhi High Court today heard a PIL to hold institutions like the Reserve Bank of India and companies like Google Pay accountable for facilitating financial transactions without the requisite authorisation from RBI.
New Delhi (ILNS): The Supreme Court today gave the RBI, the Centre and the banks a week’s time to file their replies and observations on the issue of loan moratorium and interest payment for sectors that have claimed they deserve repayment consideration because of the Covid-19 pandemic.
The Supreme Court today gave the Centre and the Reserve Bank of India more time to place their decisions on record regarding the issue of waiver of interest on the suspended EMIs during the moratorium period. The court will hear the matter next on October 5.
Tata Sons has put a spanner in Cyrus Mistry’s attempt to pledge some Tata shares to raise money to urgently repay some outstanding debt. Mistry is a prominent holder of Tata stocks through his family company Shapoorji Pallonji (SP).
Central government has today informed the Supreme Court that it has filed an affidavit with reference to petitions demanding waiver of interest on the suspended EMIs during moratorium period.
The Supreme Court today slammed the Centre for not taking a stand on allowing moratorium on charging of interest on loans as well as interest on interest during the moratorium period declared during pandemic.
The RBI recently informed the apex court that a waiver on loan interest would jeopardise the banking sector. But two cases have shown that banks are biased towards the rich while the common man is left in the lurch