The Supreme Court on Thursday asked all events, including energy producers, to register their submissions and suggestions about the loan relief plea prior to the main federal government plus the Reserve Bank of Asia (RBI) within 3 days. The court took in record the distribution of Senior Advocate Rajiv Dutta for petitioner, to dump their plea in view of Centre’s choice to waive off “interest on interest“ during the loan moratorium duration. The court took in record the submission and observed so it shall pass your order on disposal from the date that is next.
The SC passed your order while hearing the batch of petitions looking for instructions on problems in regards to the six-month loan moratorium duration announced amidst .
The apex court bench headed by Justice Ashok Bhushan additionally directed the Centre and RBI to submit their response regarding the relief looked for by the energy producer organizations.
Justices R.S. Reddy and M.R. Shah heard the arguments at length before adjourning the scenario to a few weeks for the hearing that is detailed.
Starting the arguments during the day, Solicitor General Tushar Mehta, representing the Centre, referred towards the Centre’s affidavit filed on 9 October and apprised the bench in regards to the many measures that were taken by the finance ministry and RBI.