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RBI moratorium: SC agrees to hear plea seeking interest waiver on loans during lockdown

Updated : May 08, 2020 04:51 PM IST

The plea argued that the aim of the moratorium circular was to provide relief on account of a loss of livelihood and income during the nationwide lockdown.
The petition said if those suffering from loss of income are unable to pay the monthly EMIs, they surely can’t be expected to be able to pay the interest dues.
RBI moratorium: SC agrees to hear plea seeking interest waiver on loans during lockdown

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