Petition update

Supreme Court Issues Formal Notice to RBI for response within a one week on PIL

Meenakshi Gandotra
New Delhi, India

May 26, 2020 — 

Dear Supporters, 

An update on the ongoing PIL in SC for Interest waiver during the moratorium period.

SC has formally issued notice to RBI w.r.t the Plea. SC has asked RBI to submit their response in a week. It has asked to look into the plea and consider the fact that people are unable to pay the money due to income being impacted due to COVID19. hence leaving interest will overburden the burrower. 

Further, I also wanted to update you that I am in touch with the advocate who is working on the case and will try my best to take your voices as part of the argument in the court. 

I hope we get relief in real sense soon!

Here is the link to the video and article: https://www.cnbctv18.com/legal/sc-notice-to-rbi-on-plea-seeking-interest-waiver-on-loans-during-lockdown-moratorium-6003421.htm

 


Keep fighting for people power!

Politicians and rich CEOs shouldn't make all the decisions. Today we ask you to help keep Change.org free and independent. Our job as a public benefit company is to help petitions like this one fight back and get heard. If everyone who saw this chipped in monthly we'd secure Change.org's future today. Help us hold the powerful to account. Can you spare a minute to become a member today?

I'll power Change with $5 monthlyPayment method

Discussion

Please enter a comment.

We were unable to post your comment. Please try again.