• About Us
  • Our Team
  • Advertising
  • Careers
  • Contact
Monday, May 26, 2025
  • Login
No Result
View All Result
Navjeevan Express
Advertisement
  • Gujarat
    • Ahmedabad
    • Vadodara
    • Surat
    • Rajkot
    • Saurashtra
    • Kutch
    • Central Gujarat
    • South Gujarat
  • National
    • Andhra Pradesh
    • Rajasthan
    • Maharashtra
    • Pondicherry
    • Tamil Nadu
    • OTHER STATES
  • Politics
  • Business
    • Companies
    • Personal Finance
  • Sports
    • Cricket
    • Hockey
    • Football
    • Badminton
    • Other Sports
  • Entertainment
    • Arts and Culture
    • Theatre
    • Cinema
    • Photos
    • Videos
  • Lifestyle
    • Fashion
    • Health & Environment
    • Food and Beverages
    • Spirituality
    • Tourism and Travel
  • World
  • More
    • Science and Technology
    • Legal
    • Opinion
    • Student’s Corner
    • Youth
Navjeevan Express
  • Gujarat
    • Ahmedabad
    • Vadodara
    • Surat
    • Rajkot
    • Saurashtra
    • Kutch
    • Central Gujarat
    • South Gujarat
  • National
    • Andhra Pradesh
    • Rajasthan
    • Maharashtra
    • Pondicherry
    • Tamil Nadu
    • OTHER STATES
  • Politics
  • Business
    • Companies
    • Personal Finance
  • Sports
    • Cricket
    • Hockey
    • Football
    • Badminton
    • Other Sports
  • Entertainment
    • Arts and Culture
    • Theatre
    • Cinema
    • Photos
    • Videos
  • Lifestyle
    • Fashion
    • Health & Environment
    • Food and Beverages
    • Spirituality
    • Tourism and Travel
  • World
  • More
    • Science and Technology
    • Legal
    • Opinion
    • Student’s Corner
    • Youth
No Result
View All Result
Navjeevan Express
No Result
View All Result
ADVERTISEMENT
Home Business Banking

SC refuses to entertain plea seeking clarification on declaration of loan accounts as NPA

The Supreme Court on Friday refused to entertain a plea seeking clarification of its verdict of March 23 by which it had vacated the stay on declaration of loan accounts as non-performing assets (NPAs) by the banks.

by Navjeevan Express
4 years ago
in Banking, Business, COVID-19, Health & Environment, Legal, More
Reading Time: 2 mins read
0
0
SC refuses to entertain plea seeking clarification on declaration of loan accounts as NPA
ADVERTISEMENT

NE LEGAL BUREAU
NEW DELHI, JULY 9

The Supreme Court on Friday refused to entertain a plea seeking clarification of its verdict of March 23 by which it had vacated the stay on declaration of loan accounts as non-performing assets (NPAs) by the banks.

The top court said that these are policy decisions and it cannot interfere in such issues.

A bench of Justices D Y Chandrachud and M R Shah, was hearing a miscellaneous application filed by advocate Vishal Tiwari that clarification should be given that period of declaring any account as NPA shall be done after 90 days of the date of verdict that is March 23.

“You cannot file miscellaneous application in a disposed of matter and it is only filed for the purpose of correction of names or any factual mistake in the order. What you have sought is substantial relief. Sorry we cannot entertain this,” the bench said.

Tiwari then sought to withdraw the application, which was allowed by the court.

On March 23, the top court giving a major relief to borrowers had directed that no compound or penal interest be charged for the six-month moratorium announced last year amid the COVID-19 pandemic and the amount already recovered is to be refunded or adjusted in the next instalment of loan account.

While refusing to extend the period of moratorium, the apex court had said there is “no justification” to charge interest on interest or compound interest for the period during the moratorium once the payment of instalment is deferred by last year’s March 27 notification.

The Reserve Bank of India (RBI) had on March 27, 2020 issued the circular allowing lending institutions to grant a moratorium on payment of instalments of term loans falling due between March 1 and May 31 of last year due to the pandemic. The moratorium was extended by three months till August 31.

It vacated the interim relief granted earlier not to declare the accounts of respective borrowers as NPA.

On September 3, in a relief to stressed borrowers who are facing hardship due to impact of COVID-19 pandemic, the top court had said that accounts which were not declared as non-performing assets till August 31 last year, shall not be declared NPA till further orders.

Tags: accountsasclarificationdeclarationentertainloanNPAofonplearefusesSCseekingto
ADVERTISEMENT
Previous Post

Jio tops 4G chart with 21.9 mbps download speed in June, Vodafone Idea fastest in upload: Trai data

Next Post

Delegation of TEA meets TN Industries Minister, apprise issues faced by knitware sector

Navjeevan Express

Navjeevan Express

Next Post
Extend one-time exemption from MODT charges to Banks, TEA appeals Tamil Nadu CM

Delegation of TEA meets TN Industries Minister, apprise issues faced by knitware sector

NGT takes note of explosion at pharmaceutical plant in Vizag, forms committee to probe

Elephant deaths on railway track in SR: NGT directs MoEF's committee to look into issue

ADVERTISEMENT

Recommended

RBI policy overall positive, growth-oriented, say experts

All round support is need of the hour to nurture economic recovery hit by 2nd wave of COVID: RBI Governor

4 years ago
ReNew Power begins 8th edition of Gift Warmth drive across Gujarat to protect from harsh winter

ReNew Power begins 8th edition of Gift Warmth drive across Gujarat to protect from harsh winter

2 years ago
ADVERTISEMENT

Recent Posts

  • Kadi and Visavadar assemblies in Gujarat, 1 seat each in Kerala, Punjab and WB go to bpolls on June 19
  • CDS visits Northern & Western Commands HQs; holds operational assessment
  • ICG, Indian Navy rescue all 24 crew members as Liberian vessel sinks off Kerala Coast

Category

Select Category

    Contact Us

    Email:
    ne.gowri1964@gmail.com

    Phone:
    9643255068

    Live Visitors

    • About Us
    • Our Team
    • Advertising
    • Careers
    • Contact

    © 2021 all right reserved by Navjeevanexpress.com. Consulted by MediaHives.com

    No Result
    View All Result
    • Gujarat
      • Ahmedabad
      • Vadodara
      • Surat
      • Rajkot
      • Saurashtra
      • Kutch
      • Central Gujarat
      • South Gujarat
    • National
      • Andhra Pradesh
      • Rajasthan
      • Maharashtra
      • Pondicherry
      • Tamil Nadu
      • OTHER STATES
    • Politics
    • Business
      • Companies
      • Personal Finance
    • Sports
      • Cricket
      • Hockey
      • Football
      • Badminton
      • Other Sports
    • Entertainment
      • Arts and Culture
      • Theatre
      • Cinema
      • Photos
      • Videos
    • Lifestyle
      • Fashion
      • Health & Environment
      • Food and Beverages
      • Spirituality
      • Tourism and Travel
    • World
    • More
      • Science and Technology
      • Legal
      • Opinion
      • Student’s Corner
      • Youth

    © 2021 all right reserved by Navjeevanexpress.com. Consulted by MediaHives.com

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In