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SC protects accounts from being declared NPA by banks till further orders


Cinosural International An Elementry School Jammu

New Delhi, October 03:  A bench headed by Justice Ashok Bhushan said this while hearing a batch of pleas which have raised the issue of interest being charged on instalments which were deferred during the moratorium period due to the COVID-19 pandemic.

It ordered that accounts which were not declared as non-performing assets till August 31 this year, shall not be declared NPA till further orders & no account shall become NPA at least for a period of two months . 

 


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