- Apprentice Lawyer
The Supreme Court is hearing petitions challenging the Reserve Bank of India's move to charge interest on term loans during the moratorium period introduced in light of the COVID-19 pandemic.
The Bench of Justices Ashok Bhushan, R Subhash Reddy and MR Shah is hearing the matter.
In the last hearing, the Supreme Court ordered banks to refrain from declaring loan accounts that were not NPAs prior to August 31 as Non-Performing Assets (NPAs).
Live updates of the hearing today feature on this page.