New Delhi: The Supreme court on Wednesday deferred the hearing for petitions seeking a waiver of interest on interest during the loan moratorium period for November 2. The court added that it expects the government to implement its plan for a waiver by then.
The government had agreed to waive off interest for loans up to 2 crores rupees in case of individuals and MSMEs. Solicitor General Tushar Mehta appearing for the centre informed the court that it will be implemented by November 15 and they are trying to implement it earlier.
Unimpressed by the submission, the court wondered why the government would take an entire month to implement a simple waiver scheme when the decision regarding the same has already been taken.
The Court said that it should look at the plight of the common man.
