Supreme Court Issues Formal Notice to RBI for response within a one week on PIL
May 26, 2020 —
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
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