first_imgTop StoriesLoan Moratorium And Interest Waiver – Live Updates from Supreme Court LIVELAW NEWS NETWORK9 Dec 2020 12:06 AMShare This – xIn loan moratorium and interest waiver case Senior Advocate V Giri resumed his arguments before a Supreme Court bench headed by Justice Ashok…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginIn loan moratorium and interest waiver case Senior Advocate V Giri resumed his arguments before a Supreme Court bench headed by Justice Ashok BhushanLive Updates 9 Dec 2020 12:38 AMThe bench says that it has to hear Senior Advocate Harish Salve and others.Since the court is to hear a Constitution bench case at 2 pm of which Justice Bhushan is a part, the current bench is rising now.9 Dec 2020 12:38 AMThere is a news that the IBA has approached the RBI to extend restructuring date to March 31, Advocate Vishal Tiwari says.Just wait, bench says9 Dec 2020 12:38 AMHave complied with all directives but at the end of the day, you have to leave it to the banks, Rohatgi says for SBI and concurs with the Centre’s stand that a blanket order for waiving off interest will lead to foregoing over 6 lac crore.9 Dec 2020 12:37 AMThese are economic policies and I don’t think the RBI or Centre could have done anything more. There are lacs and lacs of small depositors for every big borrower, court must not lose sight of this, says Rohatgi9 Dec 2020 12:37 AMRohatgi taking the bench through requisite documents.Everything is set out, he says9 Dec 2020 12:26 AMI am appearing for SBI, I am only saying that these are matters of economic policy, Senior Advocate Mukul Rohatgi says.Has your board passed a RP? first you tell us that, Justice Bhushan asks.9 Dec 2020 12:25 AMMr. Giri, do you watch Kaun Banega Crorepati? Shah JI used to but beyond Rs. 3000, questions became difficult for me to answer, says Giri for”Because you are only on RBI RBI RBI. Beside you don’t need to watch it with RBI by your side!” Justice Shah 9 Dec 2020 12:21 AMThe eligibility of the borrower is detailed.Eligibility is mentioned under clause 3 of the Circular and stipulates eligibility on account of “stress due to covid19”.So invocation under Section 14 can be made within contours of this framework, says Giri 9 Dec 2020 12:14 AMThis only means that the borrower does not even have to carry the actual resolution plan, says Giri for RBIHe assures that court that this has already been stipulated and can put it in writing as well.9 Dec 2020 12:14 AMBorrower will only come and say that they want to take benefit of the RBI circular of August 6? Justice Bhushan>Load MoreSubscribe to LiveLaw, enjoy Ad free version and other unlimited features, just INR 599 Click here to Subscribe. All payment options available.loading….Next Storylast_img read more