Supreme Court Rejects Petition Asking For Fresh Loan Moratorium

Supreme Court, however, said it is up to the government to assess and pass an appropriate order.

The Supreme Court on Friday rejected a public interest litigation (PIL) demanding fresh moratorium on loan repayments in view of the second wave of Covid-19.

The top court declined to pass an order on fresh loan moratorium and said the issues raised in the petition are in the realm of policy decisions.

The Supreme Court, however, said it is up to the government to assess and pass an appropriate order.

Last year, the Reserve Bank of India announced moratorium on loan repayments after the government imposed a nationwide lockdown to curb the spread of Covid-19 pandemic.