Yes Bank could not have classified a firm as Non-Performing Asset for failing to pay loan instalment due to COVID-19 crisis: Delhi HC

Yes Bank could not have classified a firm as Non-Performing Asset for failing to pay loan instalment due to COVID-19 crisis: Delhi HC
Yes Bank

The Delhi High Court today prima facie opined that in view of the measures rolled out by the Reserve Bank of India (RBI) to ease the financial stress on borrowers, Yes Bank could not have classified a real-estate company which failed to pay January loan instalment due to COVID-19 financial crisis, as a non-performing asset. (Anant Raj Ltd vs Yes Bank)

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