Accounts not declared NPAs as on August 31 should not be declared NPAs till further orders: Supreme Court extends the interim order passed on 3 Sep
Accounts not declared NPAs as on August 31 should not be declared NPAs till further orders: Supreme Court Supreme Court today asked the Government of India and the Reserve Bank of India (RBI) to take concrete decisions on the issue of sector-wise loan restructuring within two weeks. A three-Judge Bench of Justices Ashok Bhushan, R Subhsash Reddy and MR Shah took up the case for hearing today. Today, the Court was told by Solicitor General Tushar Mehta that various aspects of the issue were being considered by the Union Finance Ministry and the RBI in consultation with the banks. However, a period of two weeks more was required for the affidavit to be filed. The Court asked the Centre to come up with concrete decisions on the issues. Senior Counsel Kapil Sibal, appearing for real estate associations,…