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Economy

Crucial interest on interest waiver case: An amicus curiae if the court is not convinced

Updated : September 28, 2020 06:53 AM IST

It would be devastating for banks and their depositors if charging interest on delayed interest payments is disallowed.
An Amicus Curiae is needed because waiving interest on interest, can be a reputational risk to the court and a huge financial risk to the economy.
Crucial interest on interest waiver case: An amicus curiae if the court is not convinced

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