Loan moratorium amid COVID-19 second wave: Supreme Court indicates that it cannot grant extension

The plea sought relief for lenders on the ground of unemployment and loss of business opportunities in the wake of the second wave of COVID-19.
RBI Supreme Court
RBI Supreme Court

The Supreme Court on Monday indicated that it would not be able to grant relief in terms of an interest-free loan moratorium for a period of six months or till the COVID-19 situation improves.

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