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Loan moratorium may be extended by two years: Centre tells SC
Updated On: 01 September, 2020 12:52 PM IST | New Delhi | ANI
solicitor General Tushar Mehta, appearing for the Centre, submitted that the loan moratorium may be extended by two years
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Supreme Court
The Central government submitted before the Supreme Court on Tuesday that the loan moratorium period may get extended by up to two years in view of the ongoing COVID-19 pandemic and its impact on the economy.
A three-judge bench of the apex court, headed by Justice Ashok Bhushan, was hearing two pleas filed Gajender Sharma and lawyer Vishal Tiwari seeking to extend the moratorium period to help borrowers in deferring their EMI payment on term loans amid the pandemic.
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