Loan moratorium plan will be ready by October 1, Centre tells Supreme Court

Date:

September 28, 2020

Loan moratorium plan will be ready by October 1, Centre tells Supreme Court.

The government informed the Supreme Court on Monday that complexities concerning the way forward following the expiry of the loan moratorium are under “active consideration” at the highest level.

The loan moratorium was in place during the pandemic lockdown.

Appearing before a Bench led by Justice Ashok Bhushan, Solicitor General Tushar Mehta said “the issues are under active consideration of the Government of India and only after decision is taken, an affidavit along with decision can be filed”. (Agencies)

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Loan moratorium plan will be ready by October 1, Centre tells Supreme Court