The Supreme Court on Wednesday has confronted the Central Government over the issue of RBI loan moratorium, stating that if Centre has announced a moratorium, it must ensure the benefits are given to customers’ purposefully.
The Delhi High Court has issued notice to the Centre and Reserve Bank of India on a plea seeking direction to allow one-time restructuring of loans by all banks and non-banking financial companies (NBFCs) in the wake of Coronavirus-Induced lockdown.
The Supreme Court of India today has adjourned the matter till June 12, on a petition filed challenging charging interest on loans by banks after RBI ordered a 3-month moratorium on the payment of EMIs till May 31 which has now been extended till August 31, 2020.
The Supreme Court today has allowed the enforcement directorate to attach properties of 'JP Morgan' in 'Amrapali case' after being informed that Rs 187 crore have been detected as proceeds of crime.
The Delhi High Court on Monday has sought the status report from Reserve Bank of India, Ministry of Finance and from the Administrator of PMC Bank (Punjab & Maharashtra Co-operative Bank Ltd.) on a petition filed by Sandeep Bhalla & other, over PMC Bank Fraud Case.