National News

Centre To SC: Decision On Waiver Of Interest On Interest Likely Soon

New Delhi: The Centre on Monday knowledgeable the Supreme Court docket {that a} resolution on the problem of waiver of curiosity on curiosity on deferred EMIs in the course of the moratorium is at a complicated stage and more likely to be taken inside two or three days.

A bench headed by Justice Ashok Bhushan famous that Solicitor Basic Tushar Mehta has knowledgeable the courtroom that the problems are beneath lively consideration by the federal government, and it’s probably {that a} resolution could also be taken inside two or three days.

Mehta submitted earlier than the highest courtroom that he’ll endeavour to flow into affidavit by Thursday and the matter could be heard on Monday.

The bench mentioned until the following listening to the interim orders to proceed.

Senior advocate Rajiv Dutta, representing the petitioner, contended earlier than the bench that the case ought to be heard as early as potential, and didn’t object to Centre’s submission looking for time to file the affidavit within the matter.

Mehta, looking for some extra time to get again on the matter, mentioned that the problem is bit complicated and several other financial points have come up.

On the final date of listening to, the Centre had knowledgeable the bench that an knowledgeable committee, arrange on the highest stage is more likely to take a call on the problem of moratorium extension, curiosity throughout moratorium, curiosity on curiosity and different points related to the matter.

The bench is more likely to hear the matter on October 5.


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