[BIG BREAKING] Supreme Court orders that there will be complete exemption on interest in loan moratorium case [READ JUDGMENT]

RBI Monetary Policy

Supreme Court orders that there will be complete exemption on interest in loan moratorium case

The Supreme Court ruled on Tuesday that the interest exemption on interest (compound interest) in respect of EMIs not paid by borrowers after availing the loan moratorium scheme extended by the Reserve Bank of India (RBI) from March 1 to August 31 Will be. In view of the COVID-19 epidemic (Small Scale Industrial Manufacturers Association vs. Union of India).

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