Accounts not declared NPAs as on August 31 should not be declared NPAs till further orders: Supreme Court passes interim order

A three Judge Bench of Justices Ashok Bhushan, R Subhash Reddy and MR Shah today said that the accounts that were not declared as NPAs till August 31 must be protected and should not declared as NPAs till further orders.
Accounts not declared NPAs as on August 31 should not be declared NPAs till further orders: Supreme Court passes interim order
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The Supreme Court today granted interim relief for borrowers, directing banks not to declare any loan accounts as Non-Performing Assets (NPAs) until further orders.

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