SC postpones loan moratorium case hearing to Nov 5

New Delhi: The Supreme Court on Tuesday deferred the loan moratorium case hearing to November 5 on the request of Solicitor General Tushar Mehta.
“I am requesting for an adjournment considering I have a case (Central Vista) where I will be arguing”, Mr Mehta told the Court.
The pleas had sought a waiver of interest, in view of the COVID-19 pandemic, charged by banks on Equated Monthly Instalments (EMIs) which were not paid by the borrowers during the Reserve Bank’s six-month loan moratorium period.