Loan moratorium: SC adjourns hearing to Oct 5 as govt seeks more time

The apex court had earlier adjourned the hearing on September 10 directing that all decisions taken by the RBI, the Government of India, or the banks be placed before it for consideration

The Supreme Court on Monday adjourned for October 5 the hearing on the two petitions seeking an extension of the moratorium period on repayment of loans and to waive off the interest on the interest on loan amount in view of the Covid-19 pandemic. Solicitor General representing the government told the court that the issues are under active consideration of the Government and a decision is likely to be taken within 2-3 days.

The apex court had earlier adjourned the hearing on September 10 directing that all decisions taken by the RBI, the Government of India, or the banks be