Loan moratorium case: SC grants Centre, RBI a week to file affidavits

The Supreme Court on Monday adjourned the hearing in the loan moratorium case to October 13. The bench granted an additional week's time to the government to file the affidavit recounting the guidelines, notifications and circulars that have been taken by the RBI and Union government.

The development comes as the Centre is set to formulate a scheme to waive compound interest for small borrowers during the six-month moratorium period, which may come at a cost of Rs 5,000-7,000 crore. The government, during the hearing, submitted a Cabinet note to the apex court following its approval.

The scheme on