In
view of the serious impact of the second wave of Corona on many sectors and
classes of businesses, a petition has been filed in the Supreme Court for
relief in loan payments to them. It has been said in this petition that people
and businessmen have faced serious problems due to the lockdown imposed in many
states to reduce the outbreak of the second wave of Corona.
In
the petition, such people have been sought exemption or moratorium from loan
payment from June to August this year. Along with this, a demand has also been
made in the petition not to declare the loan accounts as NPA of those who
failed to repay the loan installments from April to August.
The
NGO Distress Management Collective, making the Central Government and the
Reserve Bank of India (RBI) as respondents, said in the petition that the
relief package should also be considered in view of the economic difficulties
and fears of the third wave of the epidemic. It is no secret that the middle
class has been the most affected financially in the Corona epidemic.
#NGO
#Covid #Corona #loan #moratorium #RBI #epidemic
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Dr.
Deepak Miglani, Email id:- legalbuddy@gmail.com
For
more legal updates follow us on Twitter @deepakmiglani
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