New Delhi: The Supreme Court will hear on Friday a petition seeking a direction to the Centre to take effective and remedial measures to redress and overcome the financial stress and hardship faced by the borrowers of the country during the second wave of Covid-19 and lockdown. A Bench of Justice Ashok Bhushan and Justice MR Shah will be hearing tomorrow the Public Interest Litigation (PIL) filed by advocate Vishal Tiwari.
The PIL filed sought direction to the Centre to permit all the lending (financial) institutions to grant interest-free moratorium period for term loan and defer the payment of loan instalments for a period of six months or till the situation from Covid-19 normalises. Tiwari, in his PIL also sought a direction to the government to direct that any bank or financial institution shall not take action for auction in respect of any property of any citizen or person or party or anybody corporate for a period of six months.
The plea further sought direction that no account shall be declared as a non-performing asset (NPA) for a period of six months, keeping in view the surge in the second wave in the Covid-19 pandemic. During this surge in the second Covid-19 pandemic wave, it is required that government should take every possible measure to keep the living of the citizens comfortable and easy, plea added.
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