Saturday, May 9, 2020

SC seeks RBI’s response on Plea against Interest on Loans amid COVID-19 Lockdown [Read Petition]

The Supreme Court on Friday sought the RBI’s response on a plea challenging charging interest on loans, even after the central bank ordered a three-month moratorium on the payment of EMIs. The plea before the Court was to declare the said order as unconstitutional, as during the lockdown, people’s income has already shrunk and they […]

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