New Delhi: Dissatisfied with an affidavit filed on two petitions, seeking an extension of the moratorium period on the repayment of loans and waiver of interest on 'loans up to Rs 2 crore' in the wake of the COVID-19 pandemic, the Supreme Court on Monday directed the central government and the Reserve Bank of India to file comprehensive replies within a week.
Observing that the affidavit did not deal with several issues in the case, a three-judge Bench, headed by Justice Ashok Bhushan, ordered them to file the replies by next Monday. The Bench slated the matter for further hearing on October 13.
Read:| SC asks Centre, RBI to file Kamath panel suggestions, their decisions on loan moratorium
It also observed that no consequential circular has been issued either by the RBI or any other authority, adding that the recommendations by the Kamath Committee have to be considered as well. Justice Bhusan said that the report has to be circulated among the needy people.
Meanwhile, the Confederation of Real Estate Developers' Association of India (CREDAI), a party in the case, sought time to reply to the Centre's affidavit. It submitted that a lot of facts and statistics, including one involving Rs 6 lakh crore, given by the government in its affidavit are without any basis.
