The Superme Count has ordered that Loan accounts that are not NPAs before August 31, 2020 cannot be declared as NPAs untill further orders
The relief granted by the Supreme Court today is of interim in nature.
The Supreme Court Bench to resume hearing in the case on Thursday, September 10 at 10.30 AM.
The Supreme Court is considering the question of interest to be charged on interest as well as the powers of the Centre and the NDMA under the Disaster Management Act to provide relief on aspect of loan repayment during COVID19 pandemic.
A three Judge Bench of Justices Ashok Bhushan, R Subhash Reddy and MR Shah issued the interim order today