...Because You Locked Down Entire Country": Supreme Court Rebukes Centre

...Because You Locked Down Entire Country": Supreme Court Rebukes Centre

Newsdesk |
August 26, 2020

The Supreme Court on Wednesday sought the government's stand on waiving interest on loan repayments during the moratorium period. The top court said the central government cannot hide behind the Reserve Bank of India and should not look at business interest alone, and directed the Centre to make its stand clear by September 1. The top court was hearing petitions that wanted waiver of interest on loan repayment during moratorium period, announced due to the coronavirus lockdown. The moratorium is due to end on August 31

New Delhi, 26 August 2020

As per news report of NDTV, a bench headed by Justice Ashok Bhushan said, "This happened because you locked down the entire country. You have to tell us your stand on two things: disaster management act and if the interest on interest will be accounted for. When the top court asked about the government's stand, Solicitor General Tushar Mehta said, "There cannot be a solution which is one-size fits all."

Source -NDTV


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