Karnataka High Court directs Reserve Bank of India (RBI) to monitor implementation of loan moratorium circular- [Mandatory for banks to ensure continuity of businesses]

The Court added that borrowers may seek the moratorium as a matter of right if they could establish that the growth and continuity of their business would be affected. The Karnataka High Court yesterday held that the Reserve Bank of India (RBI) is required to monitor the implementation of its March 27 circular granting aContinue reading “Karnataka High Court directs Reserve Bank of India (RBI) to monitor implementation of loan moratorium circular- [Mandatory for banks to ensure continuity of businesses]”