The government informed the Supreme Court on Monday that complexities concerning the way forward following the expiry of the loan moratorium are under “active consideration” at the highest level.
The loan moratorium was in place during the pandemic lockdown.
Appearing before a Bench led by Justice Ashok Bhushan, Solicitor General Tushar Mehta said “the issues are under active consideration of the Government of India and only after decision is taken, an affidavit along with decision can be filed”.
Mr. Mehta said an affidavit explaining the government’s plans would be ready by October 1.
The court listed the case for October 5.
In the last hearing on September 10, the court had given into the persistent plea made by the government for two more weeks to brainstorm with the Reserve Bank of India and banks on crucial issues like sector-specific loan re-structuring and charging…