Reserve Bank of India
Reserve Bank of India
Litigation News

[COVID-19] Delhi HC restrains Punjab & Sindh Bank from declaring NPA; invokes RBI's March 27 Circular

Aditi Singh

With respect to a default which first occurred on December 31, 2019, the Delhi High Court has restrained Punjab and Sindh Bank from declaring the loan accounts of Shakuntla Educational & Welfare Society as a non-performing asset. (Shakuntala Welfare & Educational Society vs Punjab & Sindh Bank)

The order was passed by a Single Judge Bench of Justice Rekha Palli.

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