Loan Moratorium And Interest Waiver - Live Updates from Supreme Court

The plea made on December 10 that the date of moratorium be extended is not viable, says Giri

"Relationship between Borrower and Lender to decide implications"

Giri is furthering the same point of argument.

He says that all that is required for a person to do to invoke the 6.8.2020 Circular's benefit is to come with a Resolution Plan (if the borrower is eligible).

Yesterday, he had argued that the prudence framework was available in terms of the RBI Circulars and that the discretion to frame a resolution plan should be with the bank and not the borrower.

The hearing begins.Senior Advocate VV Giri is making submissions.

He appears for RBI

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